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Question 93 Chapter 4 of +2-B
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Table of Contents
Miscellaneous (Analytical Questions)
93. (Current Ratio/Operating Ratio) From the following data calculate :
(i) Current ratio, and (ii) Operating ratio
| ₹ | |
| Trade Receivable | 1,02,000 |
| Trade Payable | 66,000 |
| Inventory | 15,000 |
| Cash | 10,000 |
| Bank | 5,000 |
| Revenue from Operation | 60,000 |
| Operating expenses | 12,000 |
| Cost of goods sold i.e. Cost of Revenue from Operation | 18,000 |
The solution of Question 93 Chapter 4 of +2-B: –
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| (i) Current Ratio | = | Current Assets |
| Current Liabilities | ||
| = | ||
| = | ₹ 1,32,000 | |
| ₹ 66,000 | ||
| = | 2 : 1 |
| (ii) Operating Ratio | = | Operating Cost | X | 100 |
| Sales | ||||
| = | ||||
| = | ₹ 30,000 | X | 100 | |
| ₹ 60,000 | ||||
| = | 50% |
| Current Assets | = | Trade Receivable + Stock + Cash + Bank |
| = | ₹ 1,02,000 + ₹ 15,000 + ₹ 10,000 + ₹ 5,000 | |
| = | ₹ ₹ 1,32,000 | |
| Current Liabilities | = | Trade Payable |
| = | ₹ 66,000 | |
| Operating Cost | = | Cost of goods sold + Operating Expenses |
| = | ₹ 18,000 + ₹ 12,000 | |
| = | ₹ 30,000 |
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
