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Question 24 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 24 Chapter 4 of +2-B
Question No. 24 - Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 24 Chapter 4 of +2-B

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Current Ratio and Quick Ratio

24. Xolo Ltd.’s Liquidity Ratio is 2.5 : 1. Inventory is Rs. 6,00,000. Current Ratio is 4 : 1. Find out the Current Liabilities.

 

The solution of Question 24 Chapter 4 of +2-B: –

Current Ratio=Current Assets=4
Current Liabilities1

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Liquid Ratio=Liquid Assets=2.5
Current Liabilities1
Inventory=Rs. 6,00,000
Let Current Liabilities=x
Current Assets=4x
Liquid Assets=2.5x
Inventory=Current Assets – Liquid Assets
Rs. 6,00,000=4x – 2.5x
 =Rs. 4,00,000
Current Liabilities=Rs. 4,00,000
   

 

 

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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