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Asked by Ashwini Last Modified
Answer 
The given rate of current asset(CA) to current liabilities (CL) is 1.5:1. And CA are given Rs 9,00,000. In such a situation if Accountant of the firm wants to maintain ratio of CA:CL at 2:1 then he can do this by paying CL for smoamo Rs 3,00,000 which will reduce CL as Rs 6,00,000 - Rs 3,00,000 = Rs 3,00,000.
At the same time, to pay CL we need to reduce Cash/Bank, then CA will be
Rs 9,00,000 - Rs 3,00,000 = Rs 6,00,000.
This now we have CA:CL
Rs 6,00,000 :Rs 3,00,000 i.e 2:1
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