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Question 3 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 3 Chapter 4 of +2-BQuestion 3 Chapter 4 of +2-B
Question No. 3 - Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 3 Chapter 4 of +2-B

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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

 

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=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

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1.5 Current Liabilities=Rs. 1,50,000

 

Current Liabilities =Rs. 1,00,000

 

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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)

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

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Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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