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Commerce · Q1338

Accounting

Graduate and Post Graduate · Commerce · question 1338

Q1338

If cash is Rs. 10,000, closing stock is Rs. 25,000, debtors is Rs. 5000, creditors is Rs. 22,000 and bank overdraft is Rs. 8000, then the current ratio will be

A.
3 : 4
B.
4 : 3
Answer
C.
2 : 1
D.
1 : 2

Answer: Option B

Solution

Answer: Option B
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