Question 30 Chapter 4 of +2-B
Table of Contents
30. Capital Employed Rs. 10,00,000; Fixed Assets Rs. 7,00,000; Current
Liabilities Rs. 1,00,000. There are no Long-term Investments. Calculate Current Ratio.
The solution of Question 30 Chapter 4 of +2-B: –
Capital Employed | = | Rs. 10,00,000 |
Fixed Assets | = | Rs. 7,00,000 |
Current Assets | = | Capital Employed + Current Liabilities – Fixed Assets |
= | Rs.10,00,000 + Rs.1,00,000 – Rs.7,00,000 | |
Current Assets | = | Rs. 4,00,000 |
Current Ratio | = | Current Assets | = | Rs.4,00,000 |
Current Liabilities | Rs.1,00,000 | |||
= | 4: 1 |
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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