Question : Match List-I with List-II.
List-I
List-II
(A) Share capital
(I) Will be called at the time of winding up
(B) Reserves and surplus
(II) Calls in advance
(C) Reserve capital
(III) Subscribed but not fully paid
(D) Current liabilities
(IV) Sinking fund
Choose the correct answer from the options given below:
Option 1: (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
Option 2: (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
Option 3: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)
Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Correct Answer: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution : Under share capital, subscribed but not fully paid. Under Reserves and surplus, sinking fund. Reserve capital will be called at the time of winding up. Calls in advance comes under Current liabilities. (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
Question : Read the following information carefully and answer the question
Particulars
Revenue from Operations
8,75,000
Creditors
90,000
Bills Receivable
48,000
Bills Payable
52,000
Purchases
4,20,000
Trade Debtors
59,000
Q. Calculate Trade Receivables Turnover Ratio.
Option 1: 8.18 times
Option 2: 8.23:1
Option 3: 8.18%
Option 4: 8.81:1
Q. Calculate Average Payment Period.
Option 1: 123 days
Option 2: 121 days
Option 3: 132 days
Option 4: 133 days
Option 1: Liquidity Ratio
Option 2: Solvency Ratio
Option 3: Activity Ratio
Option 4: Profitability Ratio
Option 1: 29.6 times
Option 2: 2.96 times
Option 3: 29.6%
Option 4: 2.69:1
Option 1: 30 days
Option 2: 60 days
Option 3: 45 days
Option 4: 15 days
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