Can Current Ratio and Quick Ratio be same at any moment? Post category:Accountancy Reading time:1 mins read SOLUTION Yes, if there are no prepaid expenses and inventory in the business. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostGive one point of distinction between Current Ratio and Quick Ratio. Next PostMention two ratios in which one figure is from Profit and Loss Account and one from Balance Sheet. You Might Also Like Dividend paid is classified under which kind of activity while preparing cash How statement? October 6, 2022 X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2019, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio. July 27, 2022 P, Q and R were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They agreed to dissolve their partnership firm on 31st March, 2019. P was deputed to realise the assets and pay the liabilities. He was paid Rs. 1,000 as commission for his services. The financial position of the firm was: July 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Dividend paid is classified under which kind of activity while preparing cash How statement? October 6, 2022
X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2019, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio. July 27, 2022
P, Q and R were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They agreed to dissolve their partnership firm on 31st March, 2019. P was deputed to realise the assets and pay the liabilities. He was paid Rs. 1,000 as commission for his services. The financial position of the firm was: July 26, 2022