Accounting - Study Mode
[#1351] Match the items of List-I with those of the List-II and indicate the correct answer: List-I List-II a. Debtors Turnover Ratio 1. Solvency Ratio b. Proprietary Ratio 2. Liquidity Ratio c. Operating Ratio 3. Activity Ratio d. Acid Test Ratio 4. Profitability Ratio
Correct Answer
(C) a-3, b-1, c-4, d-2
[#1352] Ledger is an accounting book in which
Correct Answer
(C) All the Real, Personal and Nominal Accounts are opened
[#1353] The user group of accounting information is:
Correct Answer
(D) All the above
[#1354] In case of 'installment payment system', total interest receivable by the seller is credited to
Correct Answer
(A) Interest Suspense Account
[#1355] Which of the following is not an accounting equation?
Correct Answer
(B) Assets = Liabilities - Capital