Liquidity Ratios

Source: Clackr original

Current assets Rs. 12,00,000; current liabilities Rs. 8,00,000; inventory Rs. 3,00,000. Current ratio = 1.5 : 1. Quick ratio = (12,00,000 - 3,00,000) / 8,00,000 = 1.125 : 1. Working capital = Rs. 4,00,000.

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Figures, entries and abbreviations: journal entries with amounts, GST invoice workings, depreciation, ratios and profit sharing. They build accuracy with the digits and punctuation of commerce work, where one wrong figure changes the meaning.

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