CBSE Class 12 Accountancy Accounting Ratios Online Test Set E

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Question 1

Question

The quick ratio of a company is 2 : 1. State giving reasons, (for any four) which of the following would improve, reduce or not change the ratio

	Answer
	Purchase of goods on credit (iii) Sale of furniture at cost
	None of the options
	Purchase of machinery for cash
	Sale of goods at a profit