12th Class Accountancy Accounting Ratios Question Bank MCQs - Accounting Ratios

  • question_answer
    Current ratio of the company is 1:1. Purchase of Loose Tools for Rs.10,000 against cheque would result in:

    A) Increase in Current ratio

    B) Decrease in Current ratio

    C) No Change in current ratio

    D) Both a and b

    Correct Answer: B

    Solution :

    Decrease in Current ratio

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