2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Accounting Ratios

12th Class Accountancy Accounting Ratios Question Bank MCQs - Accounting Ratios

  • question_answer
    A transaction involving increase in both current ratio and quick ratio:

    A) purchase of stock-in-trade on credit

    B) Sale of stock at loss

    C) cash payment of non-current liability

    D) sale of non-current asset for cash

    Correct Answer: D

    Solution :

    [d] sale of non -current asset for cash


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