Q. 30. Quick Ratio of Z Ltd. is 1 : 1. State, with reason, which of the following transactions would (i) Increase (ii) Decrease or (iii) Not Change the ratio:
(a) Included in the trade payables was bill payable of ₹ 3,000 which was met on maturity;
(b) Debentures of ₹ 50,000 were converted into equity shares.
[Ans.: (a) No change (b) Increase.]
Solution:-
