Question 4 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
From the following calculation current ratio and acid test ratio:
| Particulars | ₹ |
| Fixed assets | 1,00,000 |
| Sock | 37,200 |
| Debtors | 19,200 |
| Cash | 39,600 |
| Prepaid expenses | 10,000 |
| Creditors | 36,000 |
| Bank overdraft | 17,000 |
| Reserve | 10,000 |
The solution of Question 4 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| Current Ratio | = | Current Assets | = | |
| Current Liabilities |
| Current Assets | = | Stock + debtors + cash + pre. Expenses |
| = | 37,200 +19,200 + 39,600 + 10,000 | |
| = | ₹ 1,06,000 | |
| Current Liabilities | = | Creditors + bank overdraft |
| = | 36,000 + 17,000 | |
| = | ₹ 53,000 |
| Current Ratio | = | 1,06,000 | = | ₹ 2 : 1 Ans |
| Quick Ratio= | = | Quick Assets | ||
| Current Liabilities |
| Quick Assets | = | Debtors + Cash |
| = | 19,200 + 39,600 | |
| ₹ 58,800 | ||
| Current Liabilities | Creditors + bank overdraft | |
| = | 36,000 + 17,000 | |
| = | ₹ 53,000 |
| Quick Ratio= | = | 58,800 | = | ₹ = 1.11:1 Ans |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Accounting Ratios – Meaning and Definition
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X