A firm had Current Assets of ₹ 5,00,000. It paid Current Liabilities of ₹ 1,00,000 and the Current Ratio became 2 : 1.
A firm had Current Assets of ₹ 5,00,000. It paid Current Liabilities of ₹ 1,00,000 and the Current Ratio became 2 : 1. Determine Current Liabilities and Working Capital before and after the payment was made.
[Ans.: Current Liabilities before payment ₹ 3,00,000; after payment ₹ 2,00,000; Working Capital before payment ₹ 2,00,000; after payment ₹ 2,00,000.]
Anurag Pathak Changed status to publish August 1, 2023
