Question 22 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 22 Chapter 4 of +2-B

Question 22 Chapter 4 of +2-B

Current Ratio and Quick Ratio

22. Current Ratio 4; Liquid Raito 2.5; Inventory Rs. 6,00,000. Calculate Current Liabilities, Current Assets and Liquid Assets.

 

The solution of Question 22 Chapter 4 of +2-B: –

Current Ratio = Current Assets = 4
Current Liabilities 1

 

Quick Ratio = Quick Assets = 2.5
Current Liabilities 1

 

Inventories = 6,00,000
Let Current Liabilities = x
Current Assets = 4x
Liquid Assets = 2.5x
Inventories = Current Assets – Quick Assets
Rs. 6,00,000 = 4x – 2.5x
Rs. 6,00,000 = 1.5x
x = Rs. 4,00,000
Current Liabilities = x = Rs. 4,00,000

Current Assets = 4 x 4,00,000 
  = Rs. 16,00,000

Liquid Assets = 2.5 x Rs. 4,00,000 
  = Rs. 10,00,00



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 22 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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