DK Goel Solutions Q 6 Chapter 3 Accounting Ratios Class 12 CBSE [2023-24]
Step-by-step solution of Question 6, Chapter 3 Accounting Ratios, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 6
State giving reason, whether the Current Ratio will improve or decline or will have no effect in each one of the following transactions if Current Ratio is (I) 2.5 : 1, (II) 1 : 1, (III) 0.75 : 1.
- 1. Paid ₹ 50,000 to a Creditor.
- 2. Sale of goods at a loss of 10%.
- 3. Sale of a machinery for ₹ 1,00,000 (Book Value ₹ 1,20,000).
- 4. Payment of outstanding salaries.
- 5. Received ₹ 25,000 from a Debtor of ₹ 30,000 in full settlement of his account.
- 6. Bills payable discharged on maturity.
- 7. Bills Receivable drawn on debtor.
- 8. Purchased goods on credit.
- 9. Issued debentures to the vendors of machinery.
Solution
⏳ The solution of this question will be added soon. Meanwhile, ask your doubt to Vijay Sir in the comment box below.
All questions of Chapter 3
Orange = this question · Grey = already opened.
About this solution
This is Chapter 3 Accounting Ratios of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.