Q. 28 Solution of Accounting Ratios Chapter TS Grewal Book Class 12 2021-22
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.N | Situation | Answer | Reason |
| 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. |
