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

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

  • question_answer
    A transaction involving a decrease in both current ratio and quick ratio is:

    A) sale of non-current asset for cash

    B) sale of stock-in-trade at loss

    C) cash payment of a current liability

    D) purchase of stock-in-trade on credit

    Correct Answer: D

    Solution :

    [d] purchase of stock-in-trade on credit


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