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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

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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 1 6,00,000 – 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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Accounting Ratios – Meaning and Definition

## Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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