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CUET Accountancy 2022 PYQs8 Aug Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 8 Aug Shift 2

Ratios

past year questions, Financial Statements, CUET Accountancy 2022 8 Aug Shift 2

Medium

Collections from book debts:

Solution

✅ Correct Option: 3

Collection from book debts converts debtors (a current asset) into cash (another current asset). Total current assets and current liabilities remain unchanged, hence the current ratio is not affected.

Related questions:

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Current Ratio of the firm is:

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