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 3 Chapter 4 of +2-B

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

 

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)

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 3 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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