What is Quick Ratio ? It is the ratio of quick (or liquid) asset to current liabilities. Quick Ratio is also called Liquid Ratio. What is the formula of Quick Ratio ? Formula for Quick ratio = Quick Assets / Current Liabilities What is Quick Assets? Quick assets are defined as those assets which are … Read more
What is Current Ratio ? Current Ratio: Current ratio is the proportion of current assets to current liabilities. Formula for Current Ratio = Current Assets / Current Liabilities What does Current Assets includes? Current assets include current investments, inventories, trade receivables (debtors and bills receivables), cash and cash equivalents, short-term loans andadvances and other current … Read more
Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Amendment Act, 1971 DPC Act,1971 came into force w.e.f. 15th Dec 1971 Includes 4 chapters and 26 sections as follows :- Chapter-1 Preliminary (Section 1-2) Chapter-2 Salary and Other Conditions of Service of CAG (Sections 3-9) Chapter-3 Duties and powers of CAG (sections 10 – … Read more
‘Resource’: Everything available in our environment which can be used to satisfy our needs, is called a resource. It should be technologically accessible, economically feasible and culturally acceptable. Only then, it can be termed as a ‘Resource’. Examples: minerals, forests, fossil fuels etc. Classification of Resources: On the basis of origin: Biotic and Abiotic. On … Read more
B.O.D (Biological Oxygen Demand): It shows the deficiency of oxygen in the water. Pollution in water due to presence of organic biodegradable waste causes increase in number of microbes. These microbes consumes maximum dissolved oxygen. This results in deficiency of dissolved oxygen for higher organisms.Increased BOD is an indicator of water pollution. Daphnia is the … Read more