Advertisement

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

Question 22 Chapter 4 of +2-B
Question No. 22 - Chapter No.4 - T.S. Grewal +2 Book Part B

Advertisement

Question 22 Chapter 4 of +2-B

Advertisement

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 Liabilities1

 

Advertisement-X

Quick Ratio=Quick Assets=2.5
Current Liabilities1

 

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

Thanks, Please Like and share with your friends  

Comment if you have any question.

Advertisement-X

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

Advertisement-Y

Advertisement

Advertisement

Advertisement

error: Content is protected !!