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

  • question_answer
    Match the followings: If current asset is 5,00,000 and current liability is 2,00,000. Current ratio will be
    (1) Sale of fixed asset (Book value 50,000) in 60,000 (a) 2.45: 1
    (2) Sale of fixed asset (Book value 60,000) in 50,000 (b) 2.8:1
    (3) Sale of goods (Book value 60,000) in 50,000 (c) 2.55:1
    (4) Sale of goods (Book value 50,000) in 60,000 (d) 2.75:1

    A) 1-[b]; 2-[c]; 3-[d]; 4-[a]

    B) 1-[b]; 2-[d]; 3-[a]; 4-[c]

    C) 1-[d]; 2-[a]; 3-[b]; 4-[c]

    D) 1-[d]; 2-[c]; 3-[a]; 4-[b]

    Correct Answer: B

    Solution :

    1-[b]; 2-[d]; 3-[a]; 4-[c]

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