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

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)

• 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

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