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Question
Accountant of the firm wants to maintain current ratio of 2 : 1. Which of the following options will you suggest to him?
Options
He may repay current liability of ₹ 80,000.
He may purchase goods on credit for ₹ 80,000.
He may sell goods for ₹ 80,000 on credit.
He may purchase some fixed asset for ₹ 1,00,000.
MCQ
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Solution
He may purchase goods on credit for ₹ 80,000.
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