Can Current Ratio and Quick Ratio be same at any moment? Post category:Accountancy Reading time:1 mins read SOLUTION Yes, if there are no prepaid expenses and inventory in the business. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive one point of distinction between Current Ratio and Quick Ratio. Next PostMention two ratios in which one figure is from Profit and Loss Account and one from Balance Sheet. You Might Also Like A group of 40 people wants to form a partnership firm. They want your advice regarding the maximum number of persons that can be there in a partnership firm and the Name of the Act under whose provisions, it is given. (AI 2016) October 7, 2022 The quick ratio of a company is 0.5: 0.75. Will cash sales of Rs. 5,000 increase, decrease or not change the ratio? Give reason in support of your answer. (C.B.S.E. 2020, Punjab) October 3, 2022 Anupama Ltd. issued 12,000; 8% Debentures of Rs. 100 each at a discount of 5% payable as 25% on application; 20% on allotment and balance after three months. Pass Journal entries. July 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A group of 40 people wants to form a partnership firm. They want your advice regarding the maximum number of persons that can be there in a partnership firm and the Name of the Act under whose provisions, it is given. (AI 2016) October 7, 2022
The quick ratio of a company is 0.5: 0.75. Will cash sales of Rs. 5,000 increase, decrease or not change the ratio? Give reason in support of your answer. (C.B.S.E. 2020, Punjab) October 3, 2022
Anupama Ltd. issued 12,000; 8% Debentures of Rs. 100 each at a discount of 5% payable as 25% on application; 20% on allotment and balance after three months. Pass Journal entries. July 16, 2022