Financial and Management Accounting

1: Which of the following transactions will improve the current Ratio? 1. Bills receivable Dishonoured 2. Cash collected from customers 3. Issue of new shares 4. Payment of preliminary expenses by way of equity shares Select the correct answer using the codes given below

 

A.

1, 2, and 3

B.

only 4

C.

only 3

D.

2 and 4

 

Answer : C

Explanation :

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Option: A

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