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.
The Maneka Gandhi Case (1978) expanded the interpretation of which Fundamental Right?
Which food aggregator launched the 'District' app to extend its offerings to include leisure activities like dining and movies?
‘The Gadkalika Devi’ temple is located in which of the following city of India?
Which of the following countries has ‘Ngultrum’ as his currency?
Which ministry launched the PM E-DRIVE Scheme?
‘Zhongxing - 6D’ satellite into space is being successfully launched by which country?
Chungthang town is situated in which Indian States?
The rank of Air Marshal in the Indian Air Force is equivalent to which rank in the Indian Army?
Kerala secured the first position in which of the following indexes for the second consecutive year?
The town of Sanchi, famous for the Sanchi stupa is located in?
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