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

Thanks, Please Like and share with your friends  

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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.