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

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

Question 2 Chapter 4 of +2-B

Current Ratio and Quick Ratio

2. Calculate Current Ratio from the following information:

  Amount   Amount
Total Assets 5,00,000 Non-current Liabilities 1,30,000
Fixed Tangible Assets 2,50,000 Non-current Investments 1,50,000
Shareholders’ Funds 3,20,000    

 

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

 

Total Assets Fixed Tangible Assets + Non-Current Investments + Current Assets

 

Rs.5,00,000 = Rs.2,50,000 + Rs.1,50,000 + Current Assets

 

Current Assets =Rs.5,00,000 – Rs.4,00,000 = Rs. 1,00,000

 

Total Liabilities = Shareholder’s Funds + Non – Current Liabilities + Current
Liabilities

 

Rs.5,00,000 = Rs.3,20,000 + Rs.1,30,000 + Current Liabilities

 

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Current Liabilities = Rs.5,00,000 – Rs.4,50,000 = Rs. 50,000

 

Current Ratio= Current Assets
Current Liabilities

 

Current Ratio= 1,00,000
50,000

 

Current Ratio=2:1

Balance Sheet: Meaning, Format & Examples

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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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