The Current Ratio of a company is 2 : 1. State giving reasons, which of the following transactions would improve, reduce or not change the ratio:

(a) Purchased goods on credit ₹40,000

(b) Sale of furniture of ₹8,000 at a loss of ₹2,000

(c) Cash received from trade receivables ₹15,000

(d) Issued equity shares ₹6,00,000

Marks-4, CBSE:2022-23/Zone-1/Set-1/Q-33*