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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 Bank overdraft repayable on demand will be reported in the cash flow statement as _____
What are the eligible investors under the Fully Accessible Route (FAR)?
Consider the following and select which of them forms a part of capital receipts for the GoI
I...
Which of the following is the major objective of Rashtriya Gram Swaraj Abhiyan?
ABC Inc’s Income statement shows a sale of Rs 2000, COGS of Rs 800, Pre-Interest Operating Expenses of Rs 600 and Interest expenses of Rs 200. Int...
What would be the real rate of interest If the money discount rate is 19% and Inflation is 12%
What is the Current Ratio of JKL Ltd based on given information?
What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?
Sukanya Samriddhi Account Scheme is one of the major schemes of Government of India targeted at the parents of girl children. The scheme encourages pare...
Which of the following is eligible for appointment as an auditor of a company?