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The Quick Ratio of a company is 1 : 2. Which of the following transactions will result in an increase in this ratio? - Accounts

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Question

The Quick Ratio of a company is 1 : 2. Which of the following transactions will result in an increase in this ratio?

Options

  • Cash received from debtors

  • Sold goods on credit

  • Purchase goods on credit

  • Purchased goods on cash

MCQ
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Solution

Sold goods on credit

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Chapter 14: Ratio Analysis - OBJECTIVE TYPE QUESTIONS [Page 14.163]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 14 Ratio Analysis
OBJECTIVE TYPE QUESTIONS | Q 34. | Page 14.163
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