Purchasers - #44,880 Sales - #85,850 Trade creditors - #12,250 Trade debtors - #24,000 Accrued
FINANCIAL
JAMB 2012
Purchasers - #44,880 Sales - #85,850 Trade creditors - #12,250 Trade debtors - #24,000 Accrued expenses - # 350 Prepaid expenses - # 700 Stock 1/1/2006 - #25,120 Stock 31/12/2006 - #27,840 Calculate the acid test ratio
- A. 1:94:1
- B. 1:96:1
- C. 1:1:94
- D. 1:1:96
Correct Answer: B. 1:96:1
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