Advertisement

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

Question No. 8 - Chapter No.4 - T.S. Grewal +2 Book Part B

Advertisement

Question 8 Chapter 4 of +2-B

Advertisement

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

Advertisement-X

(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

Thanks, Please Like and share with your friends

Comment if you have any question.

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

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

Advertisement-X

Advertisement

Advertisement

error: Content is protected !!