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

Question 25 Chapter 4 of +2-B

Question 25 Chapter 4 of +2-B

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 Liabilities 1

 

Liquid Ratio = Liquid Assets = 1
Current Liabilities 1

Current Assets  = Rs. 50,000


Liquid Ratio Current Assets = 5,00,000
2.5 2.5
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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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

2 Book 3 min 225x300 - Question 25 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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