Match both the lists and select the correct answer: List-I List-II a. Liquidity test 1. All business creditorsAverage per day credit purchase b. Functional ratio 2. Subscribers fundTotal assets c. Prosperity 3. Gross profitNet sales 100 d. General profitability 4. Current assetsCurrent liabilities

This question belongs to Commerce Accounting

Accounting

Match both the lists and select the correct answer:

List-I List-II

a. Liquidity test 1. $$\frac{{{\text{All business creditors}}}}{{{\text{Average per day credit purchase}}}}$$

b. Functional ratio 2. $$\frac{{{\text{Subscribers fund}}}}{{{\text{Total assets}}}}$$

c. Prosperity 3. $$\frac{{{\text{Gross profit}}}}{{{\text{Net sales}}}} \times 100$$

d. General profitability 4. $$\frac{{{\text{Current assets}}}}{{{\text{Current liabilities}}}}$$

A) a-4, b-1, c-2, d-3 B) a-4, b-3, c-2, d-1 C) a-1, b-2, c-3, d-4 D) a-3, b-4, c-1, d-2

Answer & Solution

Correct Answer: Option A

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List-I	List-II
a. Liquidity test	1. $$\frac{{{\text{All business creditors}}}}{{{\text{Average per day credit purchase}}}}$$
b. Functional ratio	2. $$\frac{{{\text{Subscribers fund}}}}{{{\text{Total assets}}}}$$
c. Prosperity	3. $$\frac{{{\text{Gross profit}}}}{{{\text{Net sales}}}} \times 100$$
d. General profitability	4. $$\frac{{{\text{Current assets}}}}{{{\text{Current liabilities}}}}$$