9. The Quick Ratio of a company is 1.5 : 1. State, giving reasons, which of the following transactions will improve, reduce or not change the quick ratio:

(i) Purchase of goods for cash

(ii) Bills payable paid at maturity

(iii) Sale of goods costing Rs.  18,000 for Rs.  16,000

(iv) Cash collected from debtors

Marks-4, CBSE:2018-19/Main/03/Q-21*

error: Content is protected !!