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

Question 24 Chapter 4 of +2-B

Question 24 Chapter 4 of +2-B

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 Liabilities 1

 

Liquid Ratio = Liquid Assets = 2.5
Current Liabilities 1
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)

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2 Book 3 min 225x300 - Question 24 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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