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Solution of Q 29 Accounting Ratios TS Grewal 2022-23 [CBSE]

Question 29 of 156Chapter 4Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 29, Chapter 4 Accounting Ratios, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 29

The 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:

  1. (i) Purchase of loose tools for ₹ 2,000; (ii) Insurance premium paid in advance ₹ 500; (iii) Sale of goods on credit ₹ 3,000; (iv) Honoured a bills payable of ₹ 5,000 on maturity.
TS Grewal Class 12 Accounting Ratios Question 29

Solution

Solution of Q 29 Accounting Ratios TS Grewal 2022-23
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About this solution

This is Chapter 4 Accounting Ratios of TS Grewal Edition 2022-23.

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 Accountancy Board Exam.

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