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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What is a quick ratio? - Accountancy

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Question

What is a quick ratio?

Short/Brief Note
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Solution

The quick ratio gives the proportion of quick assets to current liabilities. It indicates whether the business concern is in a position to pay its current liabilities and when they become due, out of its quick assets.

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Chapter 9: Ratio Analysis - Very Short Answer Questions [Page 319]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 9 Ratio Analysis
Very Short Answer Questions | Q II 2. | Page 319
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