2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Accounting Ratios

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

  • question_answer
    Assuming that the current ratio is 2 :1, purchase of goods on credit would:

    A) increase current ratio

    B) decrease current ratio

    C) have no effect on current ratio

    D) decrease gross profit ratio

    Correct Answer: B

    Solution :

    [b] decrease current ratio


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