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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
MCQ
Which asset is to be subtracted from current asset to get liquid assets?
  • A
    Prepaid expense
  • ✓
    Cash and bank balance
  • C
    Debtors
  • D
    Bills receivables
✓

Answer

Correct option: B.
Cash and bank balance

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