[ISC] Q. 26 Solution of Ratio Analysis TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 26, Chapter 4 Ratio Analysis, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 26
Quick Ratio of a company is 0.8 : 1. State with reason whether the following transactions will increase, decrease or not change the Quick Ratio:
- (i) Purchase of loose tools ₹ 2,000.
- (ii) Insurance premium paid in advance ₹ 500.
- (iii) Sale of goods on credit ₹ 3,000.
- (iv) Honoured a bills payable ₹ 5,000 on maturity.

Solution
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About this solution
This is Chapter 4 Ratio Analysis of ISC TS Grewal Edition 2023-24.
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 Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.


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