Q. 28 Solution of Accounting Ratios Chapter TS Grewal Book Class 12 2021-22

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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.

S.NSituationAnswerReason
1.Purchase of Good for cashReduceQuick 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 creditReduceCurrent 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 ₹10,000ImproveQuick 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 ₹11000Improve 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 debtorsNo changequick 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.
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