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Question 25 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 25 Chapter 4 of +2-B
Question No. 25 - Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 25 Chapter 4 of +2-B

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Current Ratio and Quick Ratio

25. Current Assets of a company is 5,00,000. Its Current Ratio is 2.5: 1 and
Quick Ratio is 1: 1. Calculate values of Current Liabilities, liquid Assets and Inventory.

 

The solution of Question 25 Chapter 4 of +2-B: –

Current Ratio=Current Assets=2.5
Current Liabilities1

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Liquid Ratio=Liquid Assets=1
Current Liabilities1

Current Assets  = Rs. 50,000


Liquid RatioCurrent Assets=5,00,000
2.52.5
Liquid Assets=Current Liabilities x 1
Current Assets=Rs. 2,00,000
Inventory=Current Assets – Liquid Assets
 =Rs. 5,00,000 – Rs. 2,00,000
 =Rs. 3,00,000

 

 

Balance Sheet: Meaning, Format & Examples

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Comment if you have any question.

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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