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Assuming that current ratio is 1.5:1, …

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Assuming that current ratio is 1.5:1, state giving reason purchase of goods on credit of 3 months would improve, reduce or not alter the ratio

    • Posted by Aditi Saha 8 years, 4 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Shubham Jain 8 years, 4 months ago

    It will reduce the CR as due to short term credit purchase the current liability will increase and due to inventory Current assets will increase. As a result ratio decrease

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