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P2 C5 ACCOUNTNG RATIOS AND ANALYSIS — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C5 ACCOUNTNG RATIOS AND ANALYSIS1 Mark
Question
By which ratios efficiency is measured?
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Answer

Efficiency is measured by Activity Ratios (Turnover Ratios), such as Stock Turnover, Debtors Turnover, and Creditors Turnover ratios.

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