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Question 5 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No - 5 Chapter no - 7 Unimax Class - 12 Part -II
Question No - 5 Chapter no - 7 Unimax Class - 12 Part -II

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Question 5 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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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
 25,60,000
Current Assets=28,00,000=₹ 14,00,000
 2
Quick Ratio ==Quick Assets  
 Current Liabilities
  2=Quick assets
 15,60,000
Quick assets= ₹ 11,20,000
 = 14,00,000 – 11,20,000
 = ₹ 2,80,000 Ans.

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Accounting Ratios – Meaning and Definition

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