Accountancy, asked by vickymalik689, 7 months ago

23. What will be the effect on Current Ratio if a bills payable is discharged on maturity?​

Answers

Answered by tajshariff1980
2

Answer:

it will get some time schock

Answered by kishansunitha
13

Answer:

1) A bill payable was met on maturity will affect: Trade Payables will reduce by Rs 3,000. Cash will reduce by Rs 3,000. The simultaneous decrease in Both liquid assets and currentliabilities by the same amount willleave the ratio unaffected.

Explanation:

I hope it helps....

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