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

  • question_answer
    Current Assets Rs. 85,000; Inventory Rs. 22,000; Prepaid Expenses Rs. 3,000. Then liquid assets will be:

    A) Rs. 63,000        

    B) Rs. 60,000

    C) Rs. 82,000              

    D) Rs. 1,10,000

    Correct Answer: B

    Solution :

    [b] Rs. 60,000
    Hint: Liquid Assets = Current Assets - Inventory - Prepaid Expenses
                                 = 85,000 - 22,000 - 3,000      = Rs. 60,000


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