Question 94 Chapter 4 of +2-B – USHA Publication 12 Class

Question 94 Chapter 4 of +2-B
Q-94- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 94 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

94. (Current Ratio/Acid Test Ratio/Operating Ratio/GP Ratio) Calculate the following ratios, from the details given as under :
(i) Current ratio (ii) Acid test ratio
(iii) Operating ratio (iv) Gross profit ratio

 
Liquid assets 40,000
Current liabilities 20,000
Inventory  10,000
Sales (Revenue from Operation)  50,000
Operating expenses   15,000
Cost of goods sold (i.e. Cost of Revenue from Operation)  20,000

 

The solution of Question 94 Chapter 4 of +2-B: – 

 

(i) Current Ratio = Current Assets
Current Liabilities
  =  
  = ₹ 50,000
  ₹ 20,000
  = 2.5: 1
(ii) Acid Test Ratio = Liquid Assets
Current Liabilities
  =  
  = ₹ 40,000
  ₹ 20,000
  = 2: 1

 

 

(iii) Operating Ratio = Operating Cost X 100
Sales
  =      
  = ₹ 35,000 X 100
  ₹ 70,000
  = 70%    
(iv) Gross Profit Ratio = Gross Profit X 100
Sales
  =      
  = ₹ 30,000 X 100
  ₹ 50,000
  = 60%    

 

Current Assets = Liquid Assets + Stock
  = ₹ 40,000 + ₹ 10,000
  = ₹ 50,000
Current Liabilities = ₹ 20,000
Operating Cost = Cost of goods sold + Operating Expenses
  = ₹ 20,000 + ₹ 15,000
  = ₹ 35,000
Gross Profit = Sales – Cost of goods sold
  = ₹ 50,000 – ₹ 20,000
  = ₹ 30,000

End of Solution

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Question 109 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 119 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

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Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

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