The current ratio of a company is 2: I. Stale giving reason whether purchase of goods on credit will increase, decrease or not change the ratio. (C.B.S.E. 2020. Delhi) – Swamonk EduCare

The current ratio of a company is 2: I. Stale giving reason whether purchase of goods on credit will increase, decrease or not change the ratio. (C.B.S.E. 2020. Delhi)

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Decrease
Reason: Both Current Assets and Current Liabilities will increase by the same amount.

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