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Question 9 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -9 Chapter no - 7 Unimax Class - 12 Part -II
Question No -9 Chapter no - 7 Unimax Class - 12 Part -II

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Question 9 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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The ratio of current assets (₹ 9,00,000) to current liabilities (₹ 6,00,000) is 1.5:1. The accountant of the firm is interested in maintaining a current ratio of 2:1 by paying off a part of the current liabilities. Computer the amount of current liabilities the should be paid so that current ratio at the level of 2: 1 may be maintained.

The solution of Question 9 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Current Ratio ==Current Assets  
 Current Liabilities 
1.5=9,00,000  
 6,00,000 

Let current liabilities be x to be paid

 2=9,00,000 – x  
 16,00,000 – x 
6,00,000 – x= 9,00,000 – X
12,00,000 – 9,00,000= X + 2X
X=₹3,00,000 Ans.

C.L. of ₹ 3,00,000 should be paid off. 

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