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Give one point of distinction between Current Ratio and Quick Ratio. - Accounts

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Question

Give one point of distinction between Current Ratio and Quick Ratio.

Distinguish Between
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Solution

Basis of Distinction Current Ratio Quick Ratio
Relationship It indicates relationship between Current Assets and Current Liabilities. It indicates relationship between Quick Assets and Current Liabilities.
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Chapter 14: Ratio Analysis - SHORT ANSWER QUESTIONS [Page 14.107]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 14 Ratio Analysis
SHORT ANSWER QUESTIONS | Q 25. | Page 14.107
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