Question 7 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 7 Chapter 4 of +2-B

Question 7 Chapter 4 of +2-B

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= 12,00,000
3,00,000


Current Ratio=4 : 1




Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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T.S. Grewal’s Analysis of Financial Statements

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