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Mock Test Mock Paper 01 Mixed Easy (default)

Closing Stock ₹4,00,000 (AS-2 NRV ₹3,70,000), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio और Stock valuation? / Closing Stock ₹4,00,000 (NRV ₹3,70,000 per AS-2), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio and stock valuation?

4 similar found — View group
A) Stock ₹3,70,000; QR 3.5:1 / Stock ₹3,70,000; QR 3.5:1
B) Stock ₹4,00,000; QR 3.5:1 / Stock ₹4,00,000; QR 3.5:1
C) Stock ₹3,70,000; QR 2.35:1 / Stock ₹3,70,000; QR 2.35:1
D) Stock ₹4,00,000; QR 2.35:1 / Stock ₹4,00,000; QR 2.35:1
E) Stock ₹3,70,000; QR 1.75:1 / Stock ₹3,70,000; QR 1.75:1
Correct Answer: Option A
Solution:

Under AS-2 inventory is valued at lower of cost and NRV giving 3,70,000. Quick ratio excludes stock: quick assets of 7,00,000 divided by current liabilities 2,00,000 equals 3.5:1. GST valuation under Section 15 is separate from financial reporting stock measurement. AS-2: stock = min(cost, NRV) = ₹3,70,000. Quick assets = Cash + Debtors = ₹7,00,000 (stock excluded). QR = 7,00,000/2,00,000 = 3.5:1.

Mock Test T1 Bilingual Easy (default)

Closing Stock ₹4,00,000 (AS-2 NRV ₹3,70,000), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio और Stock valuation? / Closing Stock ₹4,00,000 (NRV ₹3,70,000 per AS-2), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio and stock valuation?

4 similar found — View group
A) Stock ₹3,70,000; QR 3.5:1 / Stock ₹3,70,000; QR 3.5:1
B) Stock ₹4,00,000; QR 3.5:1 / Stock ₹4,00,000; QR 3.5:1
C) Stock ₹3,70,000; QR 2.35:1 / Stock ₹3,70,000; QR 2.35:1
D) Stock ₹4,00,000; QR 2.35:1 / Stock ₹4,00,000; QR 2.35:1
E) Stock ₹3,70,000; QR 1.75:1 / Stock ₹3,70,000; QR 1.75:1
Correct Answer: Option A
Solution:

Under AS-2 inventory is valued at lower of cost and NRV giving 3,70,000. Quick ratio excludes stock: quick assets of 7,00,000 divided by current liabilities 2,00,000 equals 3.5:1. GST valuation under Section 15 is separate from financial reporting stock measurement. AS-2: stock = min(cost, NRV) = ₹3,70,000. Quick assets = Cash + Debtors = ₹7,00,000 (stock excluded). QR = 7,00,000/2,00,000 = 3.5:1.

Mock Test Mock List Bilingual Easy (default)

Closing Stock ₹4,00,000 (AS-2 NRV ₹3,70,000), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio और Stock valuation? / Closing Stock ₹4,00,000 (NRV ₹3,70,000 per AS-2), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio and stock valuation?

4 similar found — View group
A) Stock ₹3,70,000; QR 3.5:1 / Stock ₹3,70,000; QR 3.5:1
B) Stock ₹4,00,000; QR 3.5:1 / Stock ₹4,00,000; QR 3.5:1
C) Stock ₹3,70,000; QR 2.35:1 / Stock ₹3,70,000; QR 2.35:1
D) Stock ₹4,00,000; QR 2.35:1 / Stock ₹4,00,000; QR 2.35:1
Correct Answer: Option A
Solution:

Under AS-2 inventory is valued at lower of cost and NRV giving 3,70,000. Quick ratio excludes stock: quick assets of 7,00,000 divided by current liabilities 2,00,000 equals 3.5:1. GST valuation under Section 15 is separate from financial reporting stock measurement. AS-2: stock = min(cost, NRV) = ₹3,70,000. Quick assets = Cash + Debtors = ₹7,00,000 (stock excluded). QR = 7,00,000/2,00,000 = 3.5:1.

Mock Test Mock List Bilingual Easy (default)

Closing Stock ₹4,00,000 (AS-2 NRV ₹3,70,000), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio और Stock valuation? / Closing Stock ₹4,00,000 (NRV ₹3,70,000 per AS-2), Debtors ₹6,00,000, Creditors ₹2,00,000, Cash ₹1,00,000. Quick Ratio and stock valuation?

4 similar found — View group
A) Stock ₹3,70,000; QR 3.5:1 / Stock ₹3,70,000; QR 3.5:1
B) Stock ₹4,00,000; QR 3.5:1 / Stock ₹4,00,000; QR 3.5:1
C) Stock ₹3,70,000; QR 2.35:1 / Stock ₹3,70,000; QR 2.35:1
D) Stock ₹4,00,000; QR 2.35:1 / Stock ₹4,00,000; QR 2.35:1
Correct Answer: Option A
Solution:

Under AS-2 inventory is valued at lower of cost and NRV giving 3,70,000. Quick ratio excludes stock: quick assets of 7,00,000 divided by current liabilities 2,00,000 equals 3.5:1. GST valuation under Section 15 is separate from financial reporting stock measurement. AS-2: stock = min(cost, NRV) = ₹3,70,000. Quick assets = Cash + Debtors = ₹7,00,000 (stock excluded). QR = 7,00,000/2,00,000 = 3.5:1.

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