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Tally Championship - 2016 #1

When the option activate interest calculation is enabled in debtors ledger, interest is calculated on,

Penalty imposed for late payment

Net sales for the year

Outstanding amount

Credit Balance as on that date

Input Tax credit claim for VAT paid on goods used for manufacture of both Exempted and Taxable goods is on

Average Basis

Aggregate Basis

None

Proportionate Basis

Which of the following would not improve the current ratio?

Issue long term debt to buy inventory

Sell equity shares to reduce current liabilities

Sell fixed assets to reduce accounts payable

Borrow short term to finance additional fixed asstes

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