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Question
If current ratio is 0.8 : 1, what will be the effect of the following:
| (i) | Goods for ₹ 10,000 purchased on credit | (a) | Increase |
| (ii) | Bills payable discharged | (b) | Decrease |
| (iii) | B/R endorsed to creditor | (c) | No change |
Choose the Correct Option:
Options
(i) - (a), (ii) - (b), (iii) - (c)
(i) - (a), (ii) - (c), (iii) - (b)
(i) - (b), (ii) - (a), (iii) - (b)
(i) - (a), (ii) - (b), (iii) - (b)
MCQ
Match the Columns
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Solution
(i) - (a), (ii) - (b), (iii) - (b)
Explanation:
| (i) | Goods for ₹ 10,000 purchased on credit | (a) | Increase |
| (ii) | Bills payable discharged | (b) | Decrease |
| (iii) | B/R endorsed to creditor | (b) | Decrease |
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