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Solution of Q 31 Accounting Ratios TS Grewal 2023-24 [CBSE]

Question 31 of 182Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 31, Chapter 3 Accounting Ratios, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 31

Quick Ratio of Z Ltd. is 1 : 1. State, with reason, which of the following transactions would (i) Increase (ii) Decrease or (iii) Not change the ratio:

  1. (a) Included in the trade payables was bill payable of ₹ 3,000 which was met on maturity;
  2. (b) Debentures of ₹ 50,000 were converted into equity shares.
TS Grewal Class 12 Accounting Ratios Question 31

Solution

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About this solution

This is Chapter 3 Accounting Ratios of 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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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