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Question 18 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 18 Chapter 4 of +2-B
Question No. 18 - Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 18 Chapter 4 of +2-B

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Current Ratio and Quick Ratio

18. Working Capital Rs. 3,60,000; Total Debts Rs. 7,80,000; Long-term Debts Rs.6,00,00; Inventories Rs. 1,80,000. Calculate Liquid Ratio.

 

The solution of Question 18 Chapter 4 of +2-B: –

Long-term Debts=Rs. 6,00,000
Total Debts=Rs. 7,80,000
Working Capital=Rs. 3,60,000
Inventories=Rs. 1,80,000
Current Liabilities=Total debts – Long-term Debts
 =Rs. 7,80,000 – Rs.6,00,000
 =Rs. 1,80,000

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Current Assets=Current Liabilities + Working Capital
 =Rs. 1,80,000 + Rs. 3,60,000
Current Assets=Rs. 5,40,000

 

Quick Assets=Current Assets – Inventories
 =Rs. 5,40,000 – Rs. 1,80,000
Current Assets=Rs. 3,60,000

 

Current Ratio=Quick Assets
Current Liabilities
 =Rs.3,60,000
Rs.1,80,000

Current Ratio= 2 : 1

 

Balance Sheet: Meaning, Format & Examples

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Comment if you have any question.

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

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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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