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

Question 7 Chapter 4 of +2-B
Question No. 7 - Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 7 Chapter 4 of +2-B

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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

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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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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