Matching- Accounting Compend Flashcards
1
Q
Used for recording sale of merchandise on credit:
a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal
A
Sales Journal
2
Q
Used for all types of business transactions:
a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal
A
General Journal
3
Q
Used to record the buying of merchandise on credit:
a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal
A
Purchases Journal
4
Q
Used to record the receipt of cash:
a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal
A
Cash Receipts Journal
5
Q
Used to record the paying of cash:
a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal
A
Cash Payments Journals
6
Q
Accounts Payable is a:
a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship
A
Current Liability
7
Q
Accounts Receivable is a:
a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship
A
Current Asset
8
Q
Capital is a:
a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship
A
Proprietorship
9
Q
Mortgage Payable is a:
a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship
A
Fixed Liability
10
Q
Funeral Coach is a:
a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship
A
Fixed Asset
11
Q
Difference between assets and liabilities:
a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities
A
Owners Equity
12
Q
Statement of financial condition:
a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities
A
Balance Sheet
13
Q
Things of value owned by a business:
a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities
A
Assets
14
Q
Debts that a business owes:
a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities
A
Liabilities
15
Q
Check the equality of debits and credits:
a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities
A
Trial Balance
16
Q
Recording information in a ledger:
a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet
A
Posting
17
Q
A book of accounts:
a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet
A
Ledger
18
Q
Book of original entry:
a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet
A
Journal
19
Q
Statement of assets, liabilities, and owners equity at a specific date:
a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet
A
Balance Sheet
20
Q
Statement of income, expenses, and net income or net loss for a period of time:
a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet
A
Income Statement
21
Q
Unwritten promises of a business to pay creditors:
a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable
A
Accounts Payable
22
Q
Unwritten promises by customers to the business pay at a later date:
a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable
A
Accounts Receivable
23
Q
Any debt that a business owes:
a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable
A
Liabilities
24
Q
Properties of monetary value owned by a business:
a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable
A
Assets
25
An owner's financial interest in a business:
a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable
Owners Equity
26
A book of original entry in which business transactions are recorded in chronological order:
a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal
Journal
27
The buying of merchandise:
a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal
Purchases
28
The face value of a note on which interest is computed:
a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal
Principal
29
Ordinarily refers only to merchandise sold:
a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal
Sales
30
A book of accounts:
a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal
Ledger
31
Current assets divided by current liabilities:
a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable
Current Ratio
32
A written promise of a customer to pay the business in sum of the money at a future date:
a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable
Notes Receivable
33
The right side of a standard account:
a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable
Credit
34
A written promise of a business to pay a creditor a certain amount in the future:
a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable
Notes Payable
35
The left side of a standard account:
a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable
Debit
36
Accounts receivable that are uncollectable:
a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities
Bad Debts
37
Amount paid by a business for merchandise:
a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities
Cost
38
Money and money substitutes received:
a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities
Cash Receipts
39
Debts that must be paid within a year:
a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities
Current Liabilities
40
A type of assets that will be consumed as it is used:
a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities
Supplies
41
The owners equity or the owner's financial interest in a business:
a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business
Proprietorship
42
A business or individual to whom a debt is owed:
a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business
Creditor
43
A business firm that obtains income through the buying and selling of goods:
a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business
Merchandising Business
44
A business, owned by stockholders, which is chartered under state law to conduct a business or other activity:
a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business
Corporation
45
The individual who makes a promise to pay on a promissory note:
a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business
Maker
46
A statement regarding the status of assets, liabilities, and owner's equity as of a specified date:
a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement
Balance Sheet
47
A formal statement which presents the revenue and expenses of a specified period of time:
a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement
Income Statement
48
The first record of a business transaction:
a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement
Source Document
49
Financial events that affect assets, liabilities, or owner's equity:
a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement
Transaction
50
An informal statement proving that total debit balances are equal to the total credit balances in the ledger:
a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement
Trial Balances
51
In order of time:
a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological
Chronological
52
The person or business concerned by whom a shipment is made:
a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological
Consignor
53
A person who signs a check or draft ordering payment to be made:
a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological
Drawer
54
The decrease in owners equity due to consumption of goods and services used in the operation of the business:
a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological
Expenses
55
Increase in the owners equity resulting from business operations:
a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological
Income
56
The recording of business data in a prescribed manner:
a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries
Book Keeping
57
Coins, currency, checks, and money order receipts from others, as well as money deposited in the bank:
a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries
Cash
58
The net value of an owner's financial interest in a business:
a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries
Capital
59
Cash or other assets that will be converted into cash or consumed within one year:
a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries
Current assets
60
The transferral of the balances of the temporary accounts to the capital accounts:
a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries
Closing Entries
61
Recording in each fiscal period applicable expense, whether paid or not, and income earned, whether collected or not:
a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting
Accrual Accounting
62
An itemized listing of additions to and subtractions from a depositor's account:
a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting
Bank Statement
63
An individual certified to practice public accounting in a state:
a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting
Certified Public Accountant
64
A document issued by a state which permits a corporation to operate:
a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting
Charter
65
A written order drawn by a depositor directing his bank to deduct money from his account and pay the person or company designated:
a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting
Check
66
The money or other assets supplied by the owner for the operation of a business:
a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital
Investment
67
A written promise that pledges real property as security for the payment of a debt:
a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital
Mortgage Payable
68
A business paper that is a claim on cash and which may be transferred legally by endorsement:
a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital
Negotiable Instrument
69
Excess of current assets over current liabilities:
a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital
Net Working Capital
70
Journal page numbers and ledger account numbers which when present, confirms that an entry has been posted:
a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital
Posting References
71
Credit given to a customer for shortages or damaged goods delivered:
a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances
Sales Returns and Allowances
72
A deduction from the sales invoice as incentive for customers to pay their invoices early:
a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances
Sales Discount
73
An account used to accumulate decreases in value of fixed assets:
a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances
Allowance of Depreciation
74
A report sent to each customer which indicates the status of his account:
a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances
Statement of Account
75
Income earned during an accounting period but not yet received:
a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances
Accrued Income
76
An account used to record or determine the estimated value of an asset:
a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances
Valuation Account
77
A separate owners equity account in which withdraws of assets against profits by the owner are recorded:
a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances
Drawing Account
78
Credit received for shortages or for damaged goods received:
a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances
Purchase Returns and Allowances
79
An account in which is recorded the decrease in value of accounts receivable due to possible uncollectable items:
a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances
Allowance for Doubtful Accounts
80
A written promise to pay money to another person or business at a specified or determinable time:
a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances
Promissory Note
81
The account paid for insurance protection:
a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate
Insurance Premium
82
Levied on the earnings of individuals in businesses by federal, state, and local government:
a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate
Income Tax
83
A contract between an insurance company and the party insured:
a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate
Insurance Policy
84
Imposed upon the purchaser of goods and collected by the seller, who remits such to the state or city government:
a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate
Retail Sales Tax
85
Evidence of the ownership of corporation stock:
a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate
Stock Certificate
86
Capital or net worth:
a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset
Proprietorship
87
Accounts Receivable:
a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset
Current Asset
88
Accounts Payable:
a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset
Current Liability
89
Mortgage Payable within 15 years:
a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset
Fixed Liability
90
Assets which will not be sold during the fiscal period:
a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset
Fixed Asset
91
Things of value owned by a business:
a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship
Assets
92
One's debt:
a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship
Liabilities
93
The equity of the owner of the business:
a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship
Proprietorship
94
The financial statement reflects the status of assets, liabilities, and owner's equity as of a given date:
a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship
Balance Sheet
95
A check of equality of debts and credits:
a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship
Trial Balance
96
One who owes debts:
a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor
Debtor
97
One to whom debts are owed:
a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor
Creditor
98
Owner's equity:
a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor
Proprietorship
99
Mortgage Payable:
a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor
Fixed Liability
100
Accounts Payable:
a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor
Current Liability
101
Recording information in a ledger:
a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements
Posting
102
A book of accounts:
a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements
Ledger
103
Book in which the fitst formal double entry record of transactions is made:
a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements
Journal
104
A statement of assets, liabilities, and proprietorship at a specific date:
a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements
Balance Sheet
105
A summary of the results of operations for a specified period of time:
a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements
Profit and Loss Statements
106
Used to record paying cash for an item:
a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal
Cash Payment Journal
107
For recording the buying of an article on credit:
a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal
Purchases Journal
108
For receiving cash from merchandise:
a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal
Cash Receipt Journal
109
Used to record selling of merchandise on credit:
a) Purchases Journal
b) Sales Journal
c) Sales Receipt Journal
d) Cash Payment Journal
e) General Journal
Sales Journal
110
Used for miscellaneous entries:
a) Purchases Journal
b) Sales Journal
c) Sales Receipt Journal
d) Cash Payment Journal
e) General Journal
General Journal
111
To be used over a long period of time:
a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets
Fixed Assets
112
To be used relatively soon:
a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets
Current Assets
113
Capable of being touched:
a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets
Tangible Assets
114
Not physical or material:
a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets
Intangible Assets
115
Money:
a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets
Cash Assets
116
Check returned to the depositor that has been paid by the bank:
a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding
Cancelled
117
A source of information for the journal:
a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding
Check Stub
118
The one to whom the bank is ordered to pay the cash:
a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding
Payee
119
A check that has been issued, but not yet presented for payment:
a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding
Outstanding
120
The one who orders the bank to pay money from his account:
a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding
Drawer
121
The time allowed for the payment of a sale:
a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms
Terms
122
Assets taken out of the business by the owner for his personal use:
a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms
Withdraws
123
The period for which an analysis of the operations for a business is made:
a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms
Fiscal Period
124
A journal entry that contains two or more debits or two or more credits:
a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms
Compound Entry
125
An accounting year ending some other date than December 31st:
a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms
Fiscal Year
126
Free on Board:
a) CPA
b) COD
c) CIF
d) CBD
e) FOB
FOB
127
Collect before delivery:
a) CPA
b) COD
c) CIF
d) CBD
e) FOB
CBD
128
Certified Public Accountant:
a) CPA
b) COD
c) CIF
d) CBD
e) FOB
CPA
129
Cost Insurance and Freight:
a) CPA
b) COD
c) CIF
d) CBD
e) FOB
CIF
130
Collect on Delivery:
a) CPA
b) COD
c) CIF
d) CBD
e) FOB
COD
131
Stockholders:
a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation
Corporation
132
Land, buildings, equipment:
a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation
Fixed Assets
133
Amount added to cost of merchandise to determine the selling price:
a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation
Mark-up
134
A business owned by two or more individuals with profits or losses jointly shared:
a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation
Partnership
135
Money paid for the use of money:
a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation
Interest
136
A special book in which payments made by check are recorded:
a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check
Check Register
137
A check drawn by a bank on it's own funds and signed by the cashier:
a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check
Cashier's Check
138
A check which carries the guarantee of the drawee that sufficient funds are available to pay the check when it is properly presented:
a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check
Certified Check
139
Cost of a fixed asset less accumulated depreciation:
a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check
Book Value
140
A paper showing quantity, description, prices of items, total amount of purchases and the terms of payment:
a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check
Invoice
141
A payment:
a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement
Disbursement
142
To delay unti a later date:
a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement
Deferred
143
Consists merely of the signature of the endorser on the back of a check:
a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement
Blank Endorsement
144
Endorsement which uses the phrase, "Pay to the Order of":
a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement
Endorsement in Full
145
Endorsement which uses the phrase, "For Deposit Only":
a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement
Restrictive Endorsement
146
The comparison of current assets with current liabilities:
a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio
Current Asset Ratio
147
The comparison of the fixed assets with the fixed liabilities:
a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio
Long Lived Asset Ratio
148
Comparison of cash and all the other current assets that are readily recognizable in cash with the other current liabilities:
a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio
Acid Test Ratio
149
Comparison or total assets with total liabilities:
a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio
Total Asset Ratio
150
Determined by dividing the cost of goods by the average inventory:
a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio
Inventory Turnover
