CUET UG 2025 — Accountancy Financial Statements

Given information:

• Current Ratio = 3:1
• Quick Ratio = 2:1
• Inventories = Rs. 5,000

The relationship between current assets and quick assets is:

Current Assets = Quick Assets + Inventories

Let Current Liabilities = $x$x

From Current Ratio:
\text{Current Ratio} = \frac{\text{Current Assets}}{\text{Current Liabilities}} = \frac{3}{1}$ Current Assets = $3x$ <hr> From Quick Ratio:\text{Quick Ratio} = \frac{\text{Quick Assets}}{\text{Current Liabilities}} = \frac{2}{1}$

Quick Assets = $2x$2x

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Since Inventories represent the excess of current assets over quick assets:

Current Assets - Quick Assets = Inventories

$$3x - 2x = 5,000$$3x−2x=5,000

$$x = 5,000$$x=5,000

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Therefore:

• Current Assets = $3x$3x = $3 \times 5,000$3×5,000 = Rs. 15,000
• Quick Assets = $2x$2x = $2 \times 5,000$2×5,000 = Rs. 10,000

Verification: Current Assets - Quick Assets = 15,000 - 10,000 = Rs. 5,000 (Inventories) ✓

Option 1 is correct.