Unimax Publication Class 12 Part 2 - 2021 Solutions Chapter No- 7 Ratio Analysis - Unimax Class 12 Part 2

Question 1  Chapter 7 - Unimax Publication Class 12 Part 2 - 2021

From the following information, calculation ratio and quick ratio:

Particulars	₹
Sundry debtors	4,00,000
Preliminary expenses	40,000
Debentures	2,00,000
Stock	1,60,000
Bills payable	80,000
Marketable securities	80,000
Creditors	1,60,000
Cash	1,20,000
Expenses payable	1,60,000

The solution of Question 1  Chapter 7 - Unimax Publication Class 12 Part 2 - 2021: -

I. Current Ratio=	=	Current Assets
		Current Liabilities
Current Assets	=	Debtors + Pre. Expenses + Stock + Cash + Securities
	=	4,00,000 + 40,000 + 1,60,000 + 1,20,000 + 80,000
	=	₹ 8,00,000
Current Liabilities	=	Bill payable + Creditors + Out expenses
	=	₹ 80,000 + 1,60,000 + 1,60,000
	=	₹ 4,00,000

Current Ratio=		8,00,000
		4,00,000
	=	2 : 1 Ans.

Quick Ratio	=	Quick Assets
		Current Liabilities
	=	40,00,000(Drs.)+1,20,000 (Cash)+80(sec)
		80,000(B/p) +1,60,000(Crs.)+1,60,000(out.exp.)

		6,00,000
		4,00,000
ii. Quick Ratio	=	1.5 : 1 Ans.

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Unimax 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 (Change in Profit sharing ratio among Existing Partners )
• 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)

Unimax Publication - Accountancy PSEB (Class 12) - Part - II - Solution

• Chapter No. 1 – Company Accounts (Share Capital)
• Chapter No. 2 – Company Accounts (Issue of Debentures)
• Chapter No. 3 – Company Accounts (Redemption of Debentures)
• Chapter No. 4 – Financial Statements of a Company
• Chapter No. 5 – Financial Statement Analysis
• Chapter No. 6 –  Tools of Financial Statement Analysis- Comparative and Common Size  
• Chapter No. 7 – Ratio Analysis
• Chapter No. 8 – Cash Flow Statement

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