GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following transactions will improve the current Ratio?
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Issue of new shares
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Bills receivable Dishonoured
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Cash collected from customers
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Payment of preliminary expenses by way of equity shares
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Explanation:
Detailed explanation-1: -Selling shares of stock to stockholders in exchange for cash.
Detailed explanation-2: -1. Taking short term loan. 2. More credit purchases from the supplier.
There is 1 question to complete.