Financial and Management Accounting

1: Match List-I with List-II and select the correct answer using the codes given below the lists: List-I (Transactions)                                        List-II (Impact on current ratio) a. Goods sold at profit                                     I. Improvement b. Creditors paid                                              II. Deterioration c. Debts realised                                            III. No change d . Materials purchased on credit.
A.

a    b    c    d

I     III    II   II

B.

a    b    c    d

II     III    I   II

C.

a    b    c    d

I     I     III   II

D.

a    b    c    d

II     I    III   III

 

Answer : C

Explanation :

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Option: A

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