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What is meant by Ratio? - Accounts

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Question

What is meant by Ratio?

Very Short Answer
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Solution

A ratio is the arithmetic term for the relationship between two figures. A ratio is just one number expressed in relation to another. It can be stated in terms of fractions, rates, or percentages.

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Chapter 14: Ratio Analysis - SHORT ANSWER QUESTIONS [Page 14.104]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 14 Ratio Analysis
SHORT ANSWER QUESTIONS | Q 1. | Page 14.104
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