Bookkeeper for biker''s business


You are the bookkeeper for Biker's Business. Bikers Business has a bank loan that requires a current ratio of 1.5 times. The owner has asked that you do not make the adjusting entry to take the current portion from the long-term liabilities. You know if you make the adjusting entry Biker's Business loan will need to be repaid immediately (or the loan called). What should you do.

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Accounting Basics: Bookkeeper for biker''s business
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