Give one point of distinction between Current Ratio and Quick Ratio. Post category:Accountancy Reading time:1 mins read SOLUTION Basis of DistinctionCurrent RatioQuick RatioRelationshipIt Indicates relation between Current Assets and Current Liabilities.It indicates relationship between Quick Assets and Current Liabilities Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhy liquid ratio is considered more dependable than current ratio? Next PostCan Current Ratio and Quick Ratio be same at any moment? You Might Also Like Why is Gaining Ratio calculated? September 27, 2022 How ‘preliminary expenses’ appear in the Balance Sheet? September 28, 2022 Sita and Geeta are partners in a firm sharing profits in the ratio of 3: 2. They had advanced to the firm a sum of Rs. 30,000 as a loan in their profit-sharing ratio on 1st October, 2021. The Partnership Deed is silent on interest on loans from partners. Compute interest payable by the firm to the partners, assuming the firm closes its books every year on 31st March. October 11, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Sita and Geeta are partners in a firm sharing profits in the ratio of 3: 2. They had advanced to the firm a sum of Rs. 30,000 as a loan in their profit-sharing ratio on 1st October, 2021. The Partnership Deed is silent on interest on loans from partners. Compute interest payable by the firm to the partners, assuming the firm closes its books every year on 31st March. October 11, 2022