Question
Which of the following transaction will affect the
current ratio?Solution
We can take an example and understand how (3) will affect current ratio: Current Asset and Current liability are 100 & 60 respectively. Current ratio will be 1.66. Now let’s assume we Purchased goods on credit amount to 10 Rs. So due to this transaction, both CA & CL will increase by 10 Rs. Current Asset and Current liability will now be 110 & 70 respectively. Current ratio will change to 1.57.
One who knows everything
A strongbox or small chest for holding valuables.
Select the correct Antonym of the given word.
adversary
Swindle
Find the word with the appropriate similar meaning of the word in Italic from the options given:
His jovial demeanor brightened up the room.
Select the most appropriate synonym of the given word.
Affliction
Select the most appropriate ANTONYM of the given word.
Native
Choose the word that means the same as the given word.
Obligation
One who always looks at the brighter side
Select the most appropriate meaning of the given idiom
Once in a blue moon
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