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Question 32 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 32 Chapter 4 of +2-B
Question No. 32- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 32 Chapter 4 of +2-B

32. From the following calculate: (Current Ratio; and (ii) Quick Ratio:

 Amount Amount
Total Debts 6,00,000Long-term Borrowings2,00,000
Total Assets 8,00,000Long-term Provisions 2,00,000
Fixed Assets( Tangible)3,00,000Inventories 95,000
Non-current investment50,000Prepaid Expenses5,000
Long-term loans and Advances50,000  

 

 

The solution of Question 32 Chapter 4 of +2-B: –

Current Assets=Inventory + Trade Receivables + Cash and Cash Equivalents
 = 8,00,000 – 3,00,000 – 50,000 – 50,000
Current Assets=Rs. 4,00,000
Current Liabilities=Total Debt – Non-Current Liabilities
 = 6,00,000 – 2,00,000 – 2,00,000
Current Liabilities=Rs. 20,000
Quick Assets=Current Assets – Inventories – Prepaid Expenses
 = 4,00,000 – 95,000 – 5,000
Liquid Assets=Rs. 3,00,000

 

Current RatioCurrent Assets=Rs.4,00,000
Current LiabilitiesRs.2,00,000
 =2: 1  

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Liquid RatioLiquid Assets=Rs.3,00,000
Current LiabilitiesRs.2,00,000
 =1.5: 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)

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

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

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