| A. | Capital A/ c |
| B. | Capital Reserve |
| C. | Profit & Loss A/c |
| D. | General Issues |
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Option: B Explanation : Click on Discuss to view users comments. |
| A. | Total credit sales |
| B. | Total credit purchase |
| C. | Total cash sales |
| D. | Total cash purchases |
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Option: B Explanation : Click on Discuss to view users comments. |
| A. | To pay a current liability |
| B. |
To borrow money on an interest-bearing promissory note
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| C. | To purchase stocks for cash |
| D. |
To give an interest-bearing promissory note to a creditor to whom money was owed on current account
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Option: B Explanation : Click on Discuss to view users comments. NEERAJ said: (6:01pm on Wednesday 25th April 2018)
But how if we issue promissory note our liabilities also increase like if we issue rs 50000 promissory note current liability and cash both increase so it's reduce the current ratio if we pay current lliability it's improve the current ratio so ans will be A
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