aumanery accoumt is used a) To adiust arsed update asset accounts e) To replace the capital account in soment. 13. The current ratio a) His current assets divided by current liabilities b) Helps to assess a company's ability to pay its debts in the nea c) Suggests that there may be problems in a business if it is les: d) Is a measure of a company's liquidity e) All of the above choices are correct ade discount is a) A term used by a purchaser to describe a cash discount gi payment A reduction below a list price A term used by a seller to describe a cash discount grant ayment reduction in the price for prompt payment o called a rebate s rofit from buying and selling merchandise fees in exchange for services