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[ISC] Q. 23 Solution of Ratio Analysis TS Grewal Class 12 (2022-23)

Anurag Pathak
March 19, 2024
[ISC] Ratio Analysis Solutions TS Grewal (2022-23)
3

solution of Question number 23 of the Ratio Analysis of TS Grewal Book 2022-23 session ISC Board?

Calculate Current Ratio and Quick Ratio from the following information:

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Particulars	₹
Inventories Prepaid Expenses Other Current Assets Current Liabilities Bank Overdraft 12% Debentures Accumulated Profits Equity Share Capital Long-term Investments	30,000 2,000 50,000 40,000 10,000 30,000 10,000 1,00,000 15,000

Solution:-

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Anurag Pathak

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3 Comments

Rachit

September 19, 2023 / 00:49 Reply

In question number 23 —- in current liabilities- bank over draft is not considered ?

But as in other questions it is considered

Any comments
- Anurag Pathak
  
  September 22, 2023 / 15:09 Reply
  
  if current liabilities is given in the question, it is the sum total of all current liabilities.
- Anurag Pathak
  
  March 19, 2024 / 11:22 Reply
  
  The total current liabilities are given. thus bank overdraft already included in it. It bank overdraft is added it will lead to double counting.

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