Are you looking for the solution of Question number 28 of the Accounting Ratios of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 28 of the Accounting Ratios chapter is a practical one.
Solution of Question Number 28 of Accounting Ratios Chapter of TS Grewal Book 2021-22 Class 12
Here is the solution to it.
|1.||Purchase of Good for cash||Reduce||Quick assets would decrease, but current liabilities would remain intact. Due to the reduction in quick assets overall quick ratio would decrease.|
|2.||Purchase goods on credit||Reduce||Current liabilities would increase, quick assets will remain the same. due to a decrease in denominator overall quick ratio would reduce.|
|3.||Sale of goods costing ₹10,000 for ₹10,000||Improve||Quick Assets would increase by ₹10,000. current liabilities would remain the same. due to an increase in denominator overall ratio would improve.|
|4.||Sale of goods costing ₹10000 for ₹11000||Improve||Quick Assets would increase by ₹11,000. current liabilities would remain the same. due to an increase in denominator overall ratio would improve.|
|5.||Cash received from debtors||No change||quick assets would remain the same as debtors are converted into cash. current liabilities also do not change. Hence there is no change in the quick ratio.|