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.
CUET UG 2022 — Accountancy Financial Statements
Collections from book debts:
Held on 8 Aug 2022 · Verified 13 Jul 2026.
increases current ratio
decreases current ratio
no effect on current ratio
none of the above
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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.