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Question 6 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -6 Chapter no - 7 Unimax Class - 12 Part -II
Question No -6 Chapter no - 7 Unimax Class - 12 Part -II

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Question 6  Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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From the following information calculation the value of stock:

Quick Ratio = 1.5:1 
Current assets = ₹ 1,00,000 
Current liabilities = ₹ 40,000 

The solution of Question 6 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Quick Ratio =Current Assets  
 Current Liabilities 
 1 : 5=Quick Assets  
 140,000 
Quick assets=₹ 60,000
Stock=Current assets – quick assets
 =1,00,000 – 60,000
 =₹ 40,000 Ans.

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