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Gross profit of a firm for an accounting year is calculated by preparing account a. All O b. Trading account O c. Cash flow statement

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Gross profit of a firm for an accounting year is calculated by preparing account a. All O b. Trading account O c. Cash flow statement O d. Profit and loss account Calculate quick ratio from the details. Stock 2000, Current Assets 20000 and current liabilities 18000, O a. 2:1 b. 1:1 Oc. None d. 2.5:1

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