| List-I | List-II |
| a. Debtor's turnover ratio | 1. Solvency ratio |
| b. Proprietary ratio | 2. Liquidity ratio |
| c. Operating ratio | 3. Activity ratio |
| d. Acid test ratio | 4. Profitability ratio |
A. a-2, b-4, c-3, d-1
B. a-3, b-2, c-1, d-4
C. a-3, b-1, c-4, d-2
D. a-4, b-3, c-2, d-1
Answer: Option C
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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