Question 8 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 8 Chapter 4 of +2-B

Question 8 Chapter 4 of +2-B

Current Ratio and Quick Ratio

8. A company had Current Assets of Rs. 4,50,000 and Current Liabilities of Rs. 2,00,000. Afterwards, it purchased goods for Rs. 30,000 on Credit. Calculate
Ratio after the purchase.


The solution of Question 8 Chapter 4 of +2-B: – 

Purchase of Goods on Credit for Rs.30,000 will have two effects:
(i) Increase Stock by Rs.30,000

Current Assets Rs.4,80,000 =Rs.4,50,000 + Rs.30,000

(ii) Increase Creditors by Rs.30,000;

Current Liabilities =Rs.2,30,000 Rs.2,00,000 + Rs.30,000
Current Ratio= Current Assets
Current Liabilities
Current Ratio= 4,80,000
2,30,000


Current Ratio=2.09 : 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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