Question 5 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
Current liabilities of a company are ₹ 5,60,000; Current ratio is 5:2 and Quick ratio is 2:1. Find the value of stock.
The solution of Question 5 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| Current Ratio = | = | Current Assets | ||
| Current Liabilities |
| 5 | = | Current assets | ||
| 2 | 5,60,000 |
| Current Assets | = | 28,00,000 | = | ₹ 14,00,000 |
| 2 |
| Quick Ratio = | = | Quick Assets | ||
| Current Liabilities |
| 2 | = | Quick assets | ||
| 1 | 5,60,000 |
| Quick assets | = ₹ 11,20,000 |
| = 14,00,000 – 11,20,000 | |
| = ₹ 2,80,000 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