Question 7 Chapter 4 of +2-B
Table of Contents
Current Ratio and Quick Ratio
7. Trade Payable Rs. 7,50,000, Working Capital Rs. 9,00,000, Current Liabilities
Rs. 3,00,000. Calculate Current Ratio.
Hint: Trade Payable are already included in Current Liabilities.
The solution of Question 7 Chapter 4 of +2-B: –
Trade Payable | =Rs. 50,000 |
Working Capital= | Rs. 9,00,000 |
Current Liabilities | =Rs. 3,00,000 |
Working Capital | =Current Assets – Current Liabilities |
Current Assets= | Rs. 9,00,000 + 3,00,000 |
Current Assets | =Rs. 12,00,000 |
Current Ratio= | Current Assets |
Current Liabilities |
Current Ratio= | |
Current Ratio=4 : 1
Balance Sheet: Meaning, Format & Examples
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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