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O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2013 · Q281 Mark

What is not included when calculating the quick (acid test) ratio?

Abalance at bank
Bcash in hand
Cinventory
Dtrade receivables

✓ Correct answer

C: inventory

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About this question

Topic
Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 28.

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