Current ratio of Reliance Textiles Ltd. is 1.5 at present. In future it wants to improve this ratio to 2. Suggest any two accounting transactions for improving the current ratio. – Swamonk EduCare

Current ratio of Reliance Textiles Ltd. is 1.5 at present. In future it wants to improve this ratio to 2. Suggest any two accounting transactions for improving the current ratio.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Reason:(i) Payment of current liabilities, (ii) Issue of share capital or raising long-term loan.

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