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

Question 2 Chapter 4 of +2-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

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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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

2 Book 3 min 225x300 - Question 2 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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