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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    
  1 40,000  
Quick assets = ₹ 60,000
Stock = Current assets – quick assets
  = 1,00,000 – 60,000
  = ₹ 40,000 Ans.

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Accounting Ratios – Meaning and Definition

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