The quick ratio of a company is 0.5: 0.75. Will cash sales of Rs. 5,000 increase, decrease or not change the ratio? Give reason in support of your answer. (C.B.S.E. 2020, Punjab) Post category:Accountancy Reading time:1 mins read SOLUTION IncreaseReason: Quick Assets (Cash) will increase whereas there will be no change in current liabilities. 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 PostThe quick ratio of a company is 0.75: 0.50. Will credit purchase of goods Rs. 10,000 increase, decrease or not change the ratio? Give reason in support of your answer. (C.B.S.E. 2020. Punjab) Next PostWhat will be the impact of ‘Bills Payable given to Trade Payables’ on a liquid ratio of I: 1? State with reason. You Might Also Like State any two grounds on the basis of which the Court may order for dissolution of a partnership firm. (CBSE 2019) October 8, 2022 Why is the General Reserve distributed among the old partners before new partner is admitted? October 8, 2022 Gautam and Yashica are partners in a firm, sharing profits and losses in 3: 1 respectively. The Balance Sheet of the firm as on 31st March, 2018 was as follows: November 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any two grounds on the basis of which the Court may order for dissolution of a partnership firm. (CBSE 2019) October 8, 2022
Why is the General Reserve distributed among the old partners before new partner is admitted? October 8, 2022
Gautam and Yashica are partners in a firm, sharing profits and losses in 3: 1 respectively. The Balance Sheet of the firm as on 31st March, 2018 was as follows: November 4, 2022
