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

Question 17 Chapter 4 of +2-B
Q-17- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 17 Chapter 4 of +2-B

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I. Liquidity Ratios

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

Current Ratio2:01
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: – 

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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 ₹ 20,0002,00,0001,00,000
Long term debt paid ₹ 30,0003000020000
Received cash from trade receivable ₹ 40,00040000 
Received cash firm trade receivable 40,00040000 
Revised current ratio = 150000/80000 = 1.875:115,00,0080,000

 

What are Liquidity Ratios – Formulas and Examples

 

Comment if you have any question.

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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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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