Question 93 Chapter 4 of +2-B – USHA Publication 12 Class

Question 93 Chapter 4 of +2-B

Question 93 Chapter 4 of +2-B

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: – 

 

(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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 93 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply