Which among the following ratios will be affected because of salaries paid in cash as advance salary?
Salary paid in advance is a prepaid expense. Its impact on current assets will be that cash will go down and Prepaid Assets will go up, therefore not effecting the total Current Assets. As such, the current ratio will not be impacted as no change in current assets due to this transaction. Debt Equity will also not be impacted as it does not take into account the current assets. Quick ratio, takes into account current assets less any inventory or prepaid assets. As such, the quick ratio will be impacted by this transaction.
Which city is the host of 4th G20 Sherpa meeting in September 2023?
India's Bharat 6G Alliance is set to collaborate with which European body to advance 6G technology?
Which Colombian superstar singer has been named as Billboard's first Mujeres Latinas en la Música "Latin Woman of the Year" and will accept the award a...
What rank has India gained in terms of employee well-being survey conducted by the McKinsey Health Institute?
Which state the best governed state in large states category in the Public Affairs Index rankings 2021?
Ayushman Bharat Digital Mission was launched in which year?
Badri Narayan received the prestigious literary award Sahitya Akademi Award, 2022 for ?
Which bank introduced a 'Mobile Handheld Device' to enhance accessibility and convenience?
Which country has become India’s second biggest Oil Exporter?
Foreign currency payments such as digital subscriptions to publications or goods bought on foreign e-commerce sites through international credit cards w...