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Question
Current Ratio of Super Ltd. is 2 : 1. Which of the following transactions will result in decrease in this ratio?
Options
Payment of ₹ 40,000 to creditors.
Sale of furniture (book value ₹ 38,000) for ₹ 16,000 only.
Repayment of long term loan of ₹ 7,00,000.
Cash collected from debtors ₹ 1,18,000.
MCQ
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Solution
Repayment of long term loan of ₹ 7,00,000.
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