Vidyalelo
Commerce · Q1714

Accounting

Graduate and Post Graduate · Commerce · question 1714

Q1714

On account purchases of goods at a current ratio of 2 : 1

A.
Increase current ratio
B.
Decrease current ratio
Answer
C.
Increase gross profit percentage
D.
Decrease gross profit percentage

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board