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What is the ideal acid test ratio?

some where between 1 to 1.5


What is the main reason between current ratio and acid test ratio?

The main difference between the current ratio and the acid-test ratio lies in the assets they consider. The current ratio includes all current assets, such as inventory, while the acid-test ratio excludes inventory and focuses only on the most liquid assets (cash, marketable securities, and receivables). This makes the acid-test ratio a more stringent measure of a company's short-term liquidity, as it assesses the ability to meet current liabilities without relying on inventory sales. Thus, the acid-test ratio provides a clearer picture of immediate financial health.


Difference between routine checking and test checking in auditing?

# Routine checking is for verification of each and every items of books of a/c's Test checking refers to examination of selected numder of items. 2. Routine checking is to check all the transactions without exceptions. Test checking avoids immaterial items. 3. Routine checking is on routine basis. Test checking may be weekly, monthly or quarterly.


What is work through test in audit test?

In audit there is no such thing as a work through test. What exists is a walk through test. This test- Walk through test is a test for the auditors to determine the reliability of the client's accounting and internal control procedures.


What is the name of the test card?

You aren't specific in the test card you are asking about, but perhaps you are referring to The Rorscach test, which is also called the inkblot test. This test is used in psychiatry to help determine a person's mental state.

Related Questions

What type of test is used by serologist to determine animal or human blood?

The Precipitin test distinguishes between human and animal blood.


What group of carbohydrates react positively in Seliwanoff's test?

Sugars, the test distinguishes between aldose and ketose sugars; the test shows positive for ketose sugars.


What is the behavioral avoidance test?

The behavioral avoidance test is a psychological assessment tool used to measure an individual's avoidance behavior in response to specific stimuli that provoke anxiety or fear. It is commonly used in research and clinical settings to assess avoidance tendencies and guide treatment interventions for anxiety disorders.


What does acid test tell you about mineral?

It distinguishes calciferous minerals from other minerals.


What distinguishes the types of hearing loss?

Two tests that are commonly used to distinguish conductive hearing loss from sensorineural are Rinne's test and Weber's test.


What is a hematology lab test WDiff for?

differential distinguishes between mature and imature white blood cells and can detect abnormal cells. A differential is usual needed when a white blood cell count is low.


What is a preoperative diagnostic?

A preoperative diagnostic is a test that distinguishes benign from malignant thyroid carcinoma based on gene expression. Accurate diagnosis of thyroid tumors is challenging. A particular problem is distinguishing between follicular thyroid carcinoma (FTC) and benign follicular thyroid adenoma. This test helps with the accuracy.


What enzyme distinguishes staphylococci from streptococci?

The enzyme catalase distinguishes staphylococci from streptococci. Staphylococci produce catalase, which breaks down hydrogen peroxide into water and oxygen, while streptococci do not produce catalase. This difference in catalase production allows for a simple biochemical test to differentiate between these two bacteria.


Is staphylococcus aureus negative for the methyl red test?

Yes, Staphylococcus aureus is negative for the methyl red test due to its inability to produce stable acids from glucose fermentation. This distinguishes it from other enteric bacteria that are positive for the methyl red test.


What is the difference between diagnostic test and proficiency test?

what is the difference between proffiency and diagnostic test


What is the difference between proficiency test and diagnostic test?

what is the difference between proffiency and diagnostic test


What are the different tests for carbohydrates?

Carbohydrates can be tested using several methods, including the Benedict's test, which detects reducing sugars by producing a color change when heated with the reagent. The iodine test identifies the presence of starch, turning blue-black in its presence. Additionally, the Barfoed's test distinguishes between monosaccharides and disaccharides, where monosaccharides reduce copper ions more readily. Finally, the Molisch test detects the presence of all carbohydrates by forming a purple ring when mixed with a specific reagent.