12th Class
Accountancy
Accounting Ratios
Question Bank
MCQs - Accounting Ratios
question_answer
The ratio of Current Assets (Rs.6,00,000) to Current Liabilities (Rs.5,00,000) is 1.2 ; 1. The accountant of the firm is interested in maintaining a Current Ratio of 2 : 1, by paying off a part of the Current Liabilities. Current liability paid will be: