Which of the following liabilities are taken into account for acid test ratio? (i) Trade creditors...
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Which of the following liabilities are taken into account for acid test ratio? (i) Trade creditors (ii) Bank overdraft (iii) Cash credit (iv) Outstanding expenses A B C D i & ii i & iv i, ii, iii & iv ii, iii & iv Which of the following liabilities are taken into account for acid test ratio? (i) Trade creditors (ii) Bank overdraft (iii) Cash credit (iv) Outstanding expenses A B C D i & ii i & iv i, ii, iii & iv ii, iii & iv
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B i iv Explanation The acid test ratio is a liquidity ratio that ... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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