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Question 3 Chapter 4 of +2-B
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Table of Contents
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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: –
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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 |
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Rs. 1,50,000= | Current Assets – Current Liabilities |
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Rs. 1,50,000 = | 2.5 CL – CL |
1.5 Current Liabilities= | Rs. 1,50,000 |
Current Liabilities = | Rs. 1,00,000 |
Current Assets= | 2.5 x Rs. 1,00,000 |
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Rs.2,50,000 |
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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)
- 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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