⟩ What is the equation for Acid-Test Ratio in accounting?
The equation for Acid-Test Ratio in accounting
Acid-Test Ratio = (Current assets – Inventory) / Current Liabilities
The equation for Acid-Test Ratio in accounting
Acid-Test Ratio = (Current assets – Inventory) / Current Liabilities
What a deferred asset is and give an example?
What is the disadvantage of double entry system?
Tell us what is working capital?
What is ledger?
What is General ledger account?
Mention what is Bank Reconciliation?
What is “deposit in transit”?
Explain me what is accrual accounting?
Explain the term account payable?
What is the Master Account?