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Question
If Quick Ratio is 1.3 : 1, what will be the effect of the following:
| (i) | Received ₹ 20,000 from a debtor | (a) | Increase |
| (ii) | A debtor for ₹ 20,000 paid ₹ 15,000 in full settlement | (b) | Decrease |
| (iii) | Paid rent ₹ 10,000 in advance | (c) | No change |
Choose the Correct Option:
Options
(i) - (c), (ii) - (b), (iii) - (b)
(i) - (a), (ii) - (b), (iii) - (c)
(i) - (c), (ii) - (a), (iii) - (b)
(i) - (a), (ii) - (b), (iii) - (b)
MCQ
Match the Columns
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Solution
(i) - (c), (ii) - (b), (iii) - (b)
Explanation:
| (i) | Received ₹ 20,000 from a debtor | (c) | No change |
| (ii) | A debtor for ₹ 20,000 paid ₹ 15,000 in full settlement | (b) | Decrease |
| (iii) | Paid rent ₹ 10,000 in advance | (b) | Decrease |
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