Commerce · Q21

Accounting

Graduate and Post Graduate · Commerce · question 21

Q21

Liquid or Quick assets =

A.

Current assets - (Stock + Work in progress)

Answer

B.

Current assets + Stock + Work in progress

C.

(Current assets + Stock) + Work in progress

D.

(Current assets + Work in progress) - Stock

Answer: Option A

Solution

Answer: Option A

Solution:

Liquid or Quick assets = Current assets - (Stock + Work in progress).

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