Question

Current Ratio = 1:1
Improve / Decline / no change
Assume
that
CA = 20000 and CL = 20000
AV
Cash paid to creditors - 4000
Bills Payable discharged - 5000
Amount
Bills receivable endorsed to creditor-2000
has been
Goods purchased on credit -5000
assumed
Purchased goods for cash - 2000
Payment of a dividend -1000
Sale of goods for 25000 (Cost 20000)
Sale of Id furniture 22000 (Book Value - 25000)​

Answer 1

Answer:

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