Question

Current ratio of Vidur Pvt. Ltd. is 3 : 2. Accountant wants to maintain it at 2 : 1. Following options are available: 

1. He can repay bills payable
2. He can purchase goods on credit
3. He can take short-term loan

Choose the correct option:

Options

• Only (i) is correct.

• Only (ii) is correct.

• Only (i) and (iii) are correct.

• Only (ii) and (iii) are correct.

Answer 1

Only (i) is correct.