8. Quick ratio of a company is 1 : 1. State, with reason, whether the following transactions will increase, decrease or not change the ratio:

(i) Paid insurance premium in advance Rs.  10,000.

(ii) Purchased goods on credit Rs.  8,000.

(iii) Issued fully paid equity shares of Rs.  1,00,000.

(iv) Issued 9% debentures of Rs.  5,00,000 to the vendor for machinery purchased.

Marks-4, CBSE:2018-19/Main/02/Q-21*

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