Question 17 Chapter 4 of +2-B – USHA Publication 12 Class

Question 17 Chapter 4 of +2-B

Question 17 Chapter 4 of +2-B

I. Liquidity Ratios

17. (Revised Current Ratio) Calculate the revised current ratio

Current Ratio 2:01
Current Liabilities ₹ 1,00,000
Long term Debt ₹ 1,50,000
Trade Payable Paid ₹ 20,000
Long term Debt Paid ₹ 30,000
Received cash from trade receivables ₹ 40,000

 

The solution of Question 17 Chapter 4 of +2-B: – 

Solution: – (a)

Current Ratio = 1.5 : 1

 

Current Ratio = Current Assets
  Current Liabilities
2 = Current Assets
  ₹ 1,00,000
Current Assets = Current Liabilities X 2
  = ₹ 1,00,000 X 2
Current Assets = ₹ 2,00,000
Particular
Current Assets ₹ Current Liabilities ₹
Trade Payable Paid ₹ 20,000 2,00,000 1,00,000
Long term debt paid ₹ 30,000 2,00,000 1,00,000
Received cash from trade receivable ₹ 40,000 2,00,000 1,00,000
Sundry Debtors ₹ 40,000 2,00,000 1,00,000
Revised figures 2,00,000 1,00,000

 

What are Liquidity Ratios – Formulas and Examples

 

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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T.S. Grewal’s Analysis of Financial Statements

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