Question 49 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 49 Chapter 4 of +2-B

Question 49 Chapter 4 of +2-B

Total Assets to Debt Ratio

49. Calculate Total Assets To Debt Ratio from the following information:

Particulars Rs. Particulars Rs.
Total Assets 15,00,000 Bills Payable 60,000
Total Debts 12,00,000 Bank Overdraft 50,000
Creditors 90,000 Outstanding Expenses 20,000

 

The solution of Question 49 Chapter 4 of +2-B: –

Current Liabilities = Creditors + Bills Payable + Bank Overdraft
Outstanding Expenses
  = Rs. 90,000 + Rs. 60,000 + Rs. 50,000 + Rs. 20,000
Current Liabilities = Rs. 2,20,000
Long-term Debt = Total Debts – Current Liabilities
  = Rs. 12,00,000 – Rs. 2,20,000
Long-term Debt = Rs. 9,80,000
Total Assets = Rs. 15,00,00



Total Assets to Debt Ratio Total Assets = Rs.15,00,000
Long- term Debts Rs. 9,80,000
  = 1.53: 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)

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T.S. Grewal’s Analysis of Financial Statements

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