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Question 29 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 29 Chapter 4 of +2-B
Question No. 29 - Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 29 Chapter 4 of +2-B

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29. Total Assets Rs. 22,00,000; Fixed Assets Rs. 10,00,000; Capital Employed Rs.20,00,000. There were no Long-term Investments.

The solution of Question 29 Chapter 4 of +2-B: –

Fixed Assets=Rs. 10,00,000
Current Assets=Rs. 22,00,000
Current Assets=Total Assets – Fixed Assets
Current Assets=Rs. 22,00,000 – Rs. 10,00,000
Current Assets=Rs. 12,00,000
Current liabilities=Rs. 6,00,000
Current liabilities=Total Assets + Capital Employed
 =Rs. 22,00,000 + Rs. 20,00,000
 =Rs. 2,00,000

 

Current RatioCurrent Assets=Rs.12,00,000
Current LiabilitiesRs.2,00,000
 =6: 1  

 

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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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