Question 3 Chapter 4 of +2-B
Table of Contents
Current Ratio and Quick Ratio
3. Current Ratio is 2.5, Working Capital is Rs. 1,50,000. Calculate the number of Current Assets and Current Liabilities.
The solution of Question 3 Chapter 4 of +2-B: –
Current Ratio= | Current Assets |
Current Liabilities |
Current Ratio= |
2.5 |
Current Liabilities= | Trade Payables + Other Current Liabilities |
= | Rs.90,000+ Rs.2,10,000 = Rs.3,00,000 |
Working Capital= | Current Assets – Current Liabilities |
Rs. 1,50,000= | Current Assets – Current Liabilities |
Rs. 1,50,000 = | 2.5 CL – CL |
1.5 Current Liabilities= | Rs. 1,50,000 |
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Current Liabilities = | Rs. 1,00,000 |
Current Assets= | 2.5 x Rs. 1,00,000 |
Rs.2,50,000 |
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)
- 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)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
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