Question : Which of the following would increase the Quick Ratio if the quick ratio is 1.4: 1 and not change if the quick ratio is 1: 1?

Option 1: Purchase of goods on Credit of 2 months.

Option 2: Sale of goods costing Rs. 20,000 for Rs. 15,000 .

Option 3: Sale of an Office furniture (book value Rs.25,000) for Rs.5,000.

Option 4: B/R drawn on trade receivables for 3 months.

Question : Purchase Rs.80,000; Opening Inventory Rs. 10,000 and Closing Inventory Rs.30,000. which of the following transactions will decrease ----

Option 1: Goods purchased for Rs.20,000

Option 2: Purchase returns Rs.5,000

Option 3: Goods costing Rs. 10,000 withdrawn for personal use

Option 4: Goods costing Rs.5,000 distributed as free sample

Question : Purchase Rs.80,000; Opening Inventory Rs. 10,000 and Closing Inventory Rs.30,000. which of the following transactions will decrease ----

Option 1: Goods purchased for Rs.20,000

Option 2: Purchase returns Rs.5,000

Option 3: Goods costing Rs. 10,000 withdrawn for personal use

Option 4: Goods costing Rs.5,000 distributed as free sample

Question : The Gross Profit Ratio of a Company is 20%. Which of the following transactions will decrease?

Option 1: Purchase of goods Rs. 1,00,000.

Option 2: Goods costing Rs. 10,000 withdrawn for personal use.

Option 3: Goods costing Rs. 15,000 distributed as free samples.

Option 4: None of the above

Question : The Gross Profit Ratio of a Company is 20%. Which of the following transactions will decrease?

Option 1: Purchase of goods Rs. 1,00,000.

Option 2: Goods costing Rs. 10,000 withdrawn for personal use.

Option 3: Goods costing Rs. 15,000 distributed as free samples.

Option 4: None of the above