What is the difference between the current ratio and the quick ...

[Coya19@aol.com]

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?

[popopong]

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]

Thanks for the timely response, appreciate it

[Liddy]

Gracias!