Home » Past Questions » Accounts » Use the information above to answer the question:The acid test ratio in the comp...

Use the information above to answer the question:The acid test ratio in the comp...


Question

                                      N                             N
Capital                                         39,000 Land  20,000
Long Term Loan      15, 000                   Building 30,000
Creditors                                       9,000Stock  40,000
 Debtors  6,000
Accrued wages                             5,000Cash  8, 000
                       68,000   68,000

Use the information above to answer the question:

The acid test ratio in the company is ___________

Options

A)
1:1
B)
2:3
C)
1:2
D)
3:2

The correct answer is A.


More Past Questions:


Discussion