Test Index

JAMB Commerce 2015 Paper

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Question : 1

Total: 50

N	N
Capital 8000	Plant and machinery 5000
Net profit 4000	Motor van 4500
Drawings 200	Stock 2000
Creditors 2000	Debtors 1000
Accruals 300	Bank 100
	Cash 600
Total 14100	Total 14100

What is the acid ratio?

1.13 : 1
2 : 1
4.75 : 1
4.25 : 1

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