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Current assets = 720000 ; current ratio = 2.4 :1 ; afterwards company made a payment of 100000 to its creditor calculate the current ratio after the payment . I want to know will be the treatment of 100000 while calculating ....

Posted by Reema Verma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Krishna Balani 3 years, 7 months ago

100,000 will be deducted from both current assets & liability because creditors will decrease and cash will also decrease because we have paid to creditors.

Reema Verma 3 years, 7 months ago

Anybody plz tell if you know the above written question ☝?

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