Question 4 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No - 4 Chapter no - 7 Unimax Class - 12 Part -II

Question 4  Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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 53,000
 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 53,000

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