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Which of the following liabilities are taken into account for acid test ratio? (i) Trade creditors (ii) Bank overdraft (iii) Cash credit (iv) Outstanding
Which of the following liabilities are taken into account for acid test ratio? (i) Trade creditors (ii) Bank overdraft (iii) Cash credit (iv) Outstanding expenses A B C D i & ii i & iv i, ii, iii & iv ii, iii & iv
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B i iv Explanation The acid test ratio is a liquidity ratio that ...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
