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Author Question: What is the difference between the current ratio and the quick ratio? What will be an ideal ... (Read 114 times)

Coya19@aol.com

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on: Jul 26, 2018
What is the difference between the current ratio and the quick ratio?
 
  What will be an ideal response?

Question 2

How would you create a chart of accounts for a project cost ledger?
 
  What will be an ideal response?


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popopong

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Reply #1 on: Jul 26, 2018
Answer to Question 1

Both the current and the quick ratios are measures of liquidity. The quick ratio excludes inventory, which is included in the quick ratio.

Answer to Question 2

The first step is to determine the elements of work associated with the project. Then a cost code is assigned to each element of work for which costs are to be tracked.


Coya19@aol.com

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Reply 2 on: Jul 26, 2018
Great answer, keep it coming :)

essyface1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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