Question

(Ans.: (a) No change) ne
Debentures of 50000 were
30. The Quick Ratio of a company is 08:1. State with reason, whether the following transactions
Purchase of loose tools for 2000 (1) Insurance premium paid in advance 500, (i) Sale of
(Ans.: 0 Decrease: (1) Decrease; (iii) increase: (1) Der
increase, decrease or nor change the Quick Ratio:
GSE2
on credit 3.000 (iv) Honoured a bills payable of 5,000 on maturity.​

Answer 1

Answer:

Ans: 0 Decrease: (1) Decrease; (iii) increase: (1) Der  increase, decrease or nor change the Quick Ratio:  GSE2  on credit 3.000 (iv) Honoured a bills payable of 5,000 on maturity.​

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