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class 12 accounting ratios questions

class 12 accounting ratios questions

(A) Solvency Ratio Gross Profit ratio will be : (D) Debt/Equity Ratio, 51. Accountancy is a subject which requires constant practice to balance the equation and to understand concepts as well. (C) Shareholder’s Funds/Total Assets Average collection period is 3 months. 4,50,000+Rs.1,80,000 = Rs. Ratio Analysis in Accounting Chapter Exam Instructions. Question 3. On the basis of following information received from a firm, its Proprietary Ratio will be : A Company’s Current Assets are ₹6,00,000 and working capital is ₹2,00,000. Its current liabilities are ₹1,20,000. ratio will be Download books and chapters from book store. Answer. Closing Debtors will be : The is a measure of liquidity which excludes generally the least liquid asset. 1,00,000, it can be said that the gross profit is 10% × 10,000 100 1,00,000 of the ‘Revenue from Operations’ . A Company’s Current Ratio is 3 : 1 and Liquid Ratio is 1.2 : 1. (B) ₹1,60,000 (C) 1.3 : 1 (A) 3 : 1 Classification of Accounting Ratios. (D) ₹1,10,000, 35. (D) Shareholder’s Funds/Total Assets, 53. Profits before Interest, Tax and Dividend = Profits before Tax + Interest on Long Debts + Intere3st on Debentures = 3,00,000 +12,000 + 20,000 = 3,32,000. Two basic measures of liquidity are : (B) Average Age of Inventory Your email address will not be published. The formula for calculating the Trade Receivables Turnover Ratio is : 83. (B) ₹1,57,500 Hint: Working Capital + Current Liabilities = Current Assets, 68. (C) Activity Ratio (A) 3 Times […] (A) 40% (B) Debtors (B) 25% Accounting Ratios Important Questions for CBSE Class 12 Accountancy Classification of Accounting Ratios. Further stress is given on identifying various types of ratios that are commonly used in accumulating data. (D) 4 Times, (D) Profitability Ratios 5,00,000. Fixed Assets ?3,30,000; Current Assets ₹1,90,000; Preliminary Expenses ₹30,000; Equity Share Capital ₹2,44,000; Preference Share Capital ₹1,70,000; Reserve Fund ₹58,000. (D) 1.25 : 1, 28. Ratio analysis is a process of determining and presenting the quantities relationship between two accounting figures to calculate the strength and weaknesses of a business. Hence, Ratio analysis is the process of interpreting the accounting ratios meaningfully and taking decisions on this basis. 8: Cost of Revenue from Operations is Rs. NCERT Solutions for Class 12-commerce Accountancy CBSE, accountancy-company-accounts-and-analysis-of-financial-statements. Ratio analysis is a process of determining and presenting the quantities relationship between two accounting figures to calculate the strength and weaknesses of a business. (C) 1.38 : 1 (A) 0.9 : 1 Trade Receivables ?40,000; Trade Payables ₹60,000; Prepaid Expenses ₹10,000; Inventory ₹1,00,000 and Goodwill is ₹15,000. (C) 14.4 Times Accounting ratios are useful in analyzing the company’s performance and financial position. Current Assets ₹5,00,000; Current Liabilities ₹1,00,000; Revenue from Operations ₹28,00,000. 80,000 – 60,000 – 10,000 – 6,000 + 4,000 = 8,000. Profitability Ratio. It acts as a benchmark, and it is used for comparing between industries and companies. Its current liabilities are ?80,000. (A) 2 : 1 Answer . Working Capital = Current Assets – Current Liabilities, Liquid Assets = Current Assets – Inventory. Ratio Analysis - Finance (MCQ) Questions and answers. 50,000 and Rs. (A) ₹52,000 and ₹50,000 (C) 5 Times (C) have no effect on Current ratio (C) 80% 11: Compute Working Capital Turnover Ratio from the following information: Net Sales = Cash Sales + Credit Sales – Sales Return, = 1,30,000+3,80,000-10,000 = Rs. (D) Liquid ratio, inventory, 30. NCERT Book for Class 12 Accountancy-II Chapter 5 Accounting Ratios is available for reading or download on this page. Current ratio will be (C) Sales Turnover (D) ₹6,40,000, 47. (C) 4 : 7 … (C) ₹6,85,000 (B) 52 : 1 (D) 3 : 1, 19. (D) 20%, 102. (D) ₹2,80,000, 42. Average Collection Period will be : If you have any query regarding CBSE Class 12 Accountancy Accounting Ratios MCQs Pdf, drop a comment below and we will get back to you at the earliest. Accounting Ratios - Accountancy Notes, Questions and Answers, Free Study Material, Chapter wise Online Tests. ... Current Liabilities: These are the liabilities that are repayable within 12 months from the date of Balance Sheet or within the period of operating cycle. A Company’s Current Ratio is 2.8 : 1; Current Liabilities are ₹2,00,000; Inventory is ₹1,50,000 and Prepaid Expenses are ₹10,000. 2,00,000. With effect from 1st April, 2016, they agree to share profits in the ratio of 4:3. Debentures = 13,00,000 +1,00,000 +2,00,000 = 16,00,000. (A) Long-Term Debts (A) ₹6,90,000 Tools required for Financial Statement Analysis. (C) 3 : 1 Its working capital will be : (B) ₹36,000 b)Project File - 4 Marks. (B) Current Ratio (A) ₹1,20,000 (C) ₹34,000 (D) ₹4,80,000, 73. (B) ₹22,000 Total revenue from operations ₹27,00,000; Credit revenue from operations ₹18,00,000; Opening Debtors ₹3,20,000; Closing Debtors ₹4,00,000; Provision for Doubtful Debts ₹60,000. If its Inventory is ₹52,000, what will be the liquid Ratio? 10,000. (A) Long term Debts/Shareholder’s Funds (D) Cost of Production/Net revenue from operations. (C) ₹1,30,000 (D) 2 : 1, 10. Equity Share Capital ₹6,00,000; Debentures ₹2,40,000; Statement of Profit & Loss Debit Balance ₹40,000. (B) 23.2% Mention various types of accounting ratios. Current assets include only those assets which are expected to be realised within …………………….. Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Accounts Accounting ratios. (D) ₹1,24,000, 75. (B) 16 Times (B) 1.67 : 1 For example, if the gross profit of the business is Rs. Revenue from operations is ₹1,80,000; Rate of Gross Profit is 25% on cost. Currently only available for. Currently only available for. Answer: D. 2. (D) G.P./Average Inventory, 70. (C) Debt Class 10 Class 12. (B) Quick Ratio (D) 65%, 111. (C) 45% The formula for calculating the Debt Equity Ratio is : 60. (B) Decrease Current ratio 4 times b. (A) 1 : 2 A firm makes credit revenue from operations of ₹2,40,000 during the year. (B) ₹4,80,000 For example, if the gross profit of the business is Rs. Opening Inventory ₹70,000; Closing Inventory ?₹80,000; Inventory Turnover Ratio 6 Times. Accounting Ratios class 12 Notes Accountancy in PDF are available for free download in myCBSEguide mobile app. (A) Current Ratio These solutions for Accounting Ratios are extremely popular among Class 12 Commerce students for Accountancy Accounting Ratios Solutions come handy for quickly completing your homework and preparing for exams. Solvency Ratio. Proprietary Ratio is : (A) 1 : 1 (D) Debentures. (D) 1.6 : 1, 24, A company’s Current assets are ₹3,00,000 and its current liabilities are ₹2,00,000. be : (B) 5.6 times (C) Gross Profit ratio and Operating ratio CBSE issues sample papers every year for students for class 12 board exams. (B) ₹1,25,000 10: Calculate Debtors Turnover Ratio if Closing Debtors are Rs. (B) Capital borrowed from the Banks (A) 3.5 : 1 (D) 10 times, 98. We hope the given Accountancy MCQs for Class 12 with Answers Chapter 14 Accounting Ratios will help you. Inventory Turnover Ratio will be : (C) ₹80,000 Answer: (c) Total Assets. (C) Goodwill (C) 1.25 : 1 (A) Sale of goods for cash (D) ₹15,000, 80. Average Collection Period will be : It helps investors in relation to stock valuation. Questions can be asked from basics of accounting (which you have read in class – XI), basic terms, concept and conventions important journal entries, depreciation, errors and rectification, ratio analysis, cash flow analysis and the file that students prepare. Included in the trade payable was a Bill payable of Rs. (B) Liquidity Ideal Quick Ratio is : (C) 5 : 1 (C) ₹1,20,000 The best app for CBSE students now provides accounting for partnership firm’s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school-based annual examinations. (A) Office Expenses Accounting Ratios. (B) 6 months Accounting Ratios class 12 Notes Accountancy in PDF are available for free download in myCBSEguide mobile app. (C) ₹ 80,000 (D) ₹1,20,000, 88. Credit revenue from operations ₹5,60,000; Debtors ₹70,000; B/R ₹10,000. (B) decrease liquid ratio Calculate individual partner’s gain or sacrifice due to change in ratio. BOOK FREE CLASS; COMPETITIVE EXAMS. (D) ₹5,00,000, 106. (B) ₹1,00,000 (A) ₹1,35,000 Current Assets ₹4,00,000; Current Liabilities ₹2,00,000 and Inventory is ₹50,000. Class 10 Class 12. Examples of most common ratios are Current Ratio, Equity Ratio, Debt to Equity Ratio, Fixed Assets Turnover Ratio, etc. Working capital turnover ratio – Classification of Ratios – Question 12. (B) ₹1,00,000 A Company’s liquid assets are ₹10,00,000 and its current liabilities are ₹8,00,000. (A) Liquidity Download the PDF Question Papers Free for off line practice and view the Solutions online. Opening debtors are ₹1,10,000. A Company’s Current Ratio is 3 : 1; Current Liabilities are ₹2,50,000; Inventory is ₹60,000 and Prepaid Expenses are ₹5,000. (A) ₹2,40,000 (C) 6.67% (A) ₹1,42,500 Explain the meaning of financial statement. (A) Short Term Debts (D) Shareholder’s Funds/Fixed Assets, 54. (B) Liquid ratio, Accounts receivable (B) 26% Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Accounts Accounting ratios. Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project (B) ₹50,000 and ₹48,000 Operating ratio is : (C) ₹24,000 5. (C) Issue of Debentures for cash 82. What will be the Gross Profit? (D) Credit purchase of Goods, 21. Subsequently, it purchased goods for ₹1,00,000 on credit. (A) 7 times (B) 3 : 1 A Company’s liquid assets are ₹5,00,000 and its current liabilities are ₹3,00,000. 7: For the following information compute Debt-Equity Ratio : Debt = Long term borrowing + Long term Provision, Equity = Non Current Assets + Current Assets – Debt – Current Liabilities, = Rs. (D) 90%, 67. (D) ₹60,000. (C) Issue of new shares for cash Liquid Assets ₹3,70,000; Inventory ₹80,000; Current Liabilities ₹1,50,000; Cost of levcnue from operations ₹7,50,000. (B) 4 months Inventory Turnover Ratio is 5 times. 2. 69. Average Inventory ₹60,000; Inventory Turnover Ratio 8; Gross Profit 20% on revenue from operations; what will be Gross Profit? Zigya … (C) 4.5 : 1 (B) Cost of production + Operating Expenses/Net revenue from operations (A) Debtors Current Ratio is : Free PDF download of Important Questions for CBSE Class 12 Accountancy Chapter 13 Accounting Ratios prepared by expert Accountancy teachers from latest edition of CBSE(NCERT) books, On CoolGyan.Org to score more marks in CBSE board examination. Ratio It is an arithmetical expression of relationship between two related or interdependent items. (D) 15%, 110. If the inventory turnover ratio is divided into 365, it becomes a measure of CBSE Class 12 Accountancy Chapter 13 Important Questions – Free PDF Download. (D) Loss by Fire. Activity Ratio. (A) Cash in hand (C) ₹40,000 Cost of revenue from operations ₹6,00,000; Inventory Turnover Ratio 5; Find out the value of opening inventory, if opening inventory is ₹8,000 less than ” the closing inventory. (D) All of the Above, 22. (B) 1 : 2 On the basis of following data, the Waiting Capital Turnover Ratio of a company will be : Its Liquid Ratio will be : (A) 2.3 : 1 If average inventory is ₹50,000 and closing inventory is ₹2,000 less than the opening inventory, opening and closing inventory will be : (A) 2 Months Get the free view of chapter 3 Accounting Ratios Class 12 extra questions for Class 12 Accountancy - Analysis of Financial Statements and can use Shaalaa.com to keep it handy for your exam preparation 1,25,000. 94,000. Its closing Inventory will be: Reliability of Ratios: Since, ratios are calculated based on the financial information, if the information available is not correct ratios calculated using such information will also be incorrect. (A) 1 : 1 Accounting Ratios Class 12. (D) 12 times, 94. Working Capital turnover Ratio will be: (C) 8 Times These test papers with solution are prepared by our team of expert teachers who are teaching grade in … (D) 1.5 : 1, 25. Analysis Of Financial Statements Ts Grewal 2019 Solutions for Class 12 Commerce Accountancy Chapter 4 Accounting Ratios are provided here with simple step-by-step explanations. Current Assets of a Company were ? (B) 80% Opening Inventory ₹1,00,000; Closing Inventory ₹1,50,000; Purchases ₹6,00,000; Carriage ₹25,000; Wages ₹2,00,000. Profitability Ratio. (B) 1.5 : 1 2: Current Assets of a company are Rs. ... Accounting Ratios. Debt-equity ratio will be : Capital contributed by them is Rs. (A) Issue of new shares for cash 60,000; Cash Sales is 25% of Credit Sales and Total Sales are Rs. Free PDF download of Class 12 Accountancy Chapter 13 - Accounting Ratios Quick Revision Notes & Short Key-notes prepared by our expert Accountancy teachers from … A Company’s Quick Ratio is 1.5 : 1; Current Liabilities are ₹2,00,000 and Inventory is ₹1,80,000. Accounting Ratios 203 the financial statements, it is termed as accounting ratio. 12th Class - CBSE - Accountancy - 345 Questions - 0 Concepts. (C) 96.33% (C) ₹4,50,000 Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. With effect from 1st April, 2016, they agree to share profits in the ratio of 4:3. Debentures of Rs. (D) None of Above, 16. We have provided Accounting Ratios Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well. Working Capital ₹3,20,000; Current Liabilities ₹1,40,000; Fixed Assets ₹2,60,000; Debentures ₹2,10,000; Long Term Bank Debt ₹78,000. A Company’s Current Ratio is 2.5 : 1 and its Working Capital is ₹60,000. An accounting ratio is a mathematical relationship between two interrelated financial variables. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. (A) ₹1,35,000 You will also love the ad-free experience on … Multiple Choice Questions They are being categorised into different types which are given as below: ... Solvency Ratio Analysis – Question 1. Current Ratio will be : Its liquid ratio will be : They are more than just numbers as they help to understand the company’s stability. (D) 3 : 1, 49. Give some examples of Liquidity Ratios, Solvency Ratios, Activity (Turnover) Ratios and Profitability Ratios. (C) 8 Times (C) 9 times Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. (C) 2 : 1 Issue and Redemption of Debentures. Thereafter, it paid 1,00,000 to its trade payables. (B) 2.3 : 1 Classification of Ratios : Accounting ratios are used to analyse the financial position of the firm. (B) Long Term Debts 18: Complete the Balance Sheet of Raj Ltd. From the following information : (2) Non-current Liabilities – Long-term borrowings, 4. (C) 3 : 2 The entire NCERT textbook questions have been solved by best teachers for you. (A) 3 months Proprietary Ratio will be : (B) 2.5 : 1 (C) 1 year A firm’s cwTent assets are ₹3,60,000; Cur from operations is ₹12,00,000. Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio Analysis and Cash Flow Statements with Conclusion) 2,065,308 views. Accounting Ratios: It is also referred to as financial ratios are applied to compute the performance and profitability of a firm grounded on its financial statements. (D) 1.75 : 1, 20. Purchases ₹7,20,000; Office Expenses ₹30,000; Selling Expenses ₹90,000; Opening Inventory ₹1,40,000; Closing Inventory ₹80,000; Revenue from Operations ₹12,00,000. Currently only available for. After this the company paid ₹1,00,000 to a trade payable. NCERT Solution For Class 12 Accountancy Chapter 5 – Accounting Ratios furnishes us with an all-inclusive data to all the concepts. Cost of Revenue from Operations = (B) Inventory Drafting and Objectives of Cash Flow Statement. (A) 1 : 1 (D) All of the Above, 14. The formula for calculating Trade Payables Turnover Ratio is : 93. Credit Purchases ₹12,00,000; Opening Creditors ₹2,00,000; Closing Creditors ₹1,00,000. Are you preparing for Exams? A and B are sharing profits and losses equally. (B) ₹6,95,000 Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Accounts Accounting ratios. On the basis of following data, a Company’s Gross Profit Ratio will be : (A) 2.5 Times Quick Ratio is also known as : (C) Cost of Revenue from Operations/Average Inventory (B) Solvency Ratios The current ratio after the payment will be : A company’s Current Ratio is 2 : 1. Accounting Ratios It is a mathematical expression that shows the relationship between various items or groups of items shown in financial statements. Choose your answers to the questions and click 'Next' to see the next set of questions. (C) 1.4 : 1 (A) 11%. From the following information calculate the working capital turnover ratio: Revenue from the operation for the year were RS. You can also Download Accountancy Revision Notes Class 12 to help you to revise complete Syllabus and score more marks in your examinations. 16 : The Quick ratio of X Ltd. Is 1:1. 50. (A) ₹6,00,000 DK Goel Solutions for Class 12 helps the students to study and comprehend the accounting fundamentals which helps them to answer the complex questions in an easy way. 1,00,000, it can be said that the gross profit is 10% × 10,000 100 1,00,000 of the ‘Revenue from Operations’ . (D) ₹1,10,000, 96. Credit Purchases ₹9,60,000; Cash Purchases ₹6,40,000; Creditors ₹2,40,000; Bills Payable ₹80,000. 2. Accountancy Part II Subject Chosen. Ratio analysis is the more popularly and widely used technique of financial statement analysis. (D) 3 : 1, (B) Solvency Ratios Easy to print and read. Which of the following transactions will improve the quick ratio? (A) 75% TS Grewal Solutions for Class 12 Accountancy – Change in Profit-Sharing Ratio Among the Existing Partners (Volume I) Question 1. Accountancy Part II Subject Chosen. (B) 2 : 1 (A) 2 : 1 (D) 2 : 1, 29. We have provided Accounting Ratios Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well. (C) 1 : 2 92. (D) 6 months, 97. Which of the following transactions will increase it: Then opening Inventory will be = x+1.5x = 2.5x. (A) 1 : 2 (D) 37 : 1, 65. Revenue from Operations ₹2,00,000; Inventory Turnover Ratio 5; Gross Profit 25%. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. (A) Inventory turnover and Current ratio 1.Liquidity Ratios Liquidity ratios measure the firm’s ability to fulfil its short-term financial obligations. Home >> Category >> Finance (MCQ) Questions and answers >> Ratio Analysis; 1) Determine Debtors turnover ratio if, closing debtors is Rs 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is Rs 20,000. a. Required fields are marked *. Credit revenue from operations ₹9,00,000; Average Collection period 2 months; Opening debtors are ₹15,000 less as compared to closing debtors. (D) 5 times, 85. Credit revenue from operations ₹24,00,000; Trade Receivables Turnover Ratio 6 times; Opening Debtors ₹3,20,000. (D) 70% A Company’s Current Ratio is 2.4 : 1 and Working Capital is ₹5,60,000. A Company’s Current Assets are ₹8,00,000 and its current liabilities are ₹4,00,000. (A) 7.5 times (D) 2 : 1, 63. (C) Total Assets (C) Total Assets/Long term Debts (D) 46 Days, 89. Credit revenue from operations ₹6,00,000; Cash revenue from operations ? (A) Cost of revenue from operations + Selling Expenses/Net revenue from operations Accounting Ratios. (D) 4 : 3, 40. (A) 16% (A) Current ratio, Accounts receivable (B) 4 : 1 On the basis of following data, the cost of revenue from operations by a company will be : The Current Ratio after the payment will be : (B) 75% Liquid Ratio will be : Inventory = Current Assets – Liquid Assets. G.P. (D) 37 : 1, 64. (C) 19% (D) 2 : 1, 6. Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio Analysis and Cash Flow Statements with Conclusion) (A) ₹38,000 3,50,000 – Rs. Accounting Ratios Class 12 MCQs Questions with Answers. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. (D) 1.3 : 1, 37. 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(C) 70% (A) 7.5 times (C) 60% Copies of these textbooks may be downloaded and used as textbooks or for reference. (D) Liquid Assets/Current Liabilities, 4. (C) Activity Ratio (C) ₹82,000 (D) 70%, (C) Activity Ratios 2,50,000 = Rs. (B) ₹36,000 (D) ₹8,15,000, 39. Answer. (C) ₹48,000 and ₹46,000 Hence, Ratio analysis is the process of interpreting the accounting ratios meaningfully and taking decisions on this basis. These solutions for Accounting Ratios are extremely popular among Class 12 Commerce students for Accountancy Accounting Ratios Solutions come handy for quickly completing your homework and preparing for exams. Cash Flow Statement. These questions should not be similar to the question given in the 3 hour question paper of the Board. (C) 11 Times (A) Cash Collected from Trade Receivables (D) 12.5%, 104. CBSE Class 12 th Accountancy Board Exam is scheduled for 5 th March 2020. Reason: Neither current Assets and current Liabilities are decreasing with the same amount. (A) ₹1,15,000 If its working capital is ₹60,000, its current liabilities will be : Assuming that the current ratio is 2 : 1, purchase of goods on credit would: (B) ₹1,60,000 (A) 3 months Equity Share Capital ₹5,80,000; Reserve Fund ₹4,30,000; Preliminary Expenses ₹40,000; Long term Debts ₹1,28,900; Debentures ₹2,30,000. Extra Questions For Class 12 Accountancy Admission of a Partner. Question and Answer forum for K12 Students. CBSE Class 12 Accountancy Important Questions Chapter 1 – Accounting of Partnership Firms fundamentals 1: Radha and Raman are partners in a firm sharing profits and losses in the ratio of 5:2. All the solutions of Accounting Ratios - Accountancy explained in detail by … 1 CBSE Class 12 Accountancy Important Questions Chapter wise. […] (C) 2.33 : 1 1: Working Capital Rs. (A) Current Assets – Prepaid Lxp. (B) Purchase of goods for cash Cost of Revenue from operation is Rs. (C) 30% (A) 18 Times (A) 37% (C) 125% (A) 2 : 1 On the basis of following data, a Company’s closing debtors will be: (D) 93%, 112. (A) 1.11 : 1 (B) Revenue from Operations – Gross Profit The sample papers have been provided with marking scheme. (A) 2 : 1 2,500,000-Rs. (C) 1.8 : 1 (C) Total Debts Current ratio will be (C) 1.8 : 1 What will be the amount of Gross Profit, if revenue from operations are ₹6,00,000 and Gross Profit Ratio 20% of revenue from operations? Proprietory Ratio indicates the relationship between proprietor’s funds and…. Subsequently, it purchased goods for ₹1,00,000 on credit. Home » Accountancy Class 12 » Accounting Ratios Class 12. Accounting Ratios 203 the financial statements, it is termed as accounting ratio. Liquid Ratio is equal to liquid assets divided by : (C) 2.4 months 10,00,000 + Rs. 10,000 less than opening creditors. ... Accounting for Share Capital. Cash Revenue from Operations ₹4,00,000 Credit Revenue, from Operations ₹21,00,000; Revenue from Operations Return ₹1,00,000; Cost of revenue from operations ₹19,20,000. Revenue from Operations ₹8,00,000; Gross Profit Ratio 25%; Opening Inventory ₹1,00,000; Closing Inventory ₹60,000. 15: Calculate ‘Return on Investment’ with the following information: Net Profit after interest and Tax2,10,000. Question 12. Current Ratio of a Company is 2.5 : 1. (B) 2.8 : 1 (D) Profitability, 9. Its worki Answer Explanation ANSWER: 4 times. (A) 75% Quick ratio will be (B) Sale of goods on credit (D) ₹2,00,000, 74. (C) ₹60,000 If its Current Liabilities are ₹2,00,000, what will be the value of Inventory? Current Assets do not include : X, Y and Z are partners in a firm sharing profits in 2 : 2 : 1 ratio. (C) 8 times 50,000 were converted into Equity Shares. (A) 10 Times Students are to be given 2 application-oriented problems of 6 marks each covering the tools for analysis of financial statements. 1,70,000, = Rs. (C) ₹80,000 (D) 1.2 : 1, 48. If its Current Assets are ₹7,50,000, what will be the value of Inventory? (A) 42 : 1 (B) 2.25 : 1 1. All the solutions of Accountancy explained in detail by experts to help students prepare for their CBSE exams. (C) ₹1,28,000 If the trade receivables turnover ratio is 8 times, calculate closing debtors, if the closing debtors are more by ₹6,000 than the opening debtors : (D) None of the Above, 13. (B) ₹60,000 If Debt equity ratio exceeds , it indicates risky financial position. Profit Ratio is 20% of cost? (A) ₹4,50,000 Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 12 Comparative Statements. (B) 3 Trimes TS Grewal Solutions for Class 12 Accountancy – Change in Profit-Sharing Ratio Among the Existing Partners (Volume I) Question 1. 100. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Cash Balance ₹5,000; Trade Payables ₹40,000; Inventory ₹50,000; Trade Receivables ₹65,000 and Prepaid Expenses are ₹10,000. For more practice related to the subject, study materials such as sample papers, previous years' papers and NCERT solutions are required. (D) ₹18,000, 81. (A) 52 Days Save my name, email, and website in this browser for the next time I comment. (B) 7.4 Times 40,000 and the closing stock is Rs. Drafting and Objectives of Cash Flow Statement. (C) ₹1,80,000 (B) 2 : 1 In debt equity ratio, debt refers to : (C) Bank Balance Trade Receivables Turnover Ratio 5; Calculate Closing Debtors, if closing debtors are two times in comparison to Opening Debtors. (C) 4 : 1 (B) Current Liabilities Meaning of Cash Flow Statement. Have access to physical copy establishes … CBSE Class 12 Accountancy Chapter 13 Important Chapter. As below:... Solvency Ratio Analysis – Question 12 Share Capital ₹20,00,000 ; Reserve ;., these are the best alternate and check your Answer with the following information: Net Profit after interest Tax2,10,000... Year were Rs cwTent Assets are ₹3,60,000 ; Cur from Operations ’ 3.5: 2 Inventory is.. Written Paper of 1 Hour - 12 ; CBSE on … Ratio Analysis is process... D ) ₹1,24,000, 75 ₹1,28,000 ( D ) ₹60,000 expression that shows the relationship various. Ratios is available for Download in myCBSEguide mobile app are the best TS Grewal 12 Accountancy Accounting Ratios class 12 accounting ratios questions! Be allowed a salary of ₹ 2,000 per month ) Ratios and Profitability Ratios = Shareholders’ Funds 12. % on Revenue from Operations ₹19,20,000 5 Accounting Ratios 203 the financial position subject which constant. Time I comment NCERT textbook Questions have been provided with marking scheme ) ₹1,08,000 ( C ₹4,50,000. – working Capital = Rs, 75 are ₹5,40,000 and Inventory is ₹60,000 and Expenses... Statements MCQs PDF with Answers were Prepared Based on Latest Exam Pattern save my,. On Cost ) Questions and click 'Next ' to see the next time I comment ; ₹! Ncert MCQ Questions for Class 12 Notes Accountancy in PDF are available for free Download myCBSEguide... Creditors ₹50,000 ; Bills payable ₹10,000 your Answers to the Questions and click '! Is measured by its ability to satisfy its Short term obligations as they become due ) ₹40,000, 43 a... Users, the Accounting Ratios you to revise complete Syllabus and score more Exam. Question papers free for off line practice and view the Solutions online Class 12 Accountancy – Change Profit-Sharing! The board ₹5,000 ; Trade Receivables? 40,000 ; Trade Payables ₹40,000 ; Inventory Turnover Ratio 8 ; Profit!, 4 Accounting Ratios is available for reading or Download on this basis it purchased goods for ₹1,00,000 on.. Types of Ratios that are commonly used in accumulating data experts as per NCERT ( )... The financial Statements Author: TS Grewal Publisher: s Chand Language: be published Prepaid... S gain or sacrifice due to Change in Profit-Sharing Ratio Among the Partners! ₹1,50,000 and Prepaid Expenses are ₹5,000 Questions are solved by experts as per (... To Rs s cwTent Assets are ₹2,00,000, Inventory is ₹52,000, what will be value. Experts to help students understand the concept very well 25,000 to a payable. Excludes generally the least Liquid asset 8: Cost of Revenue from Operations of firm. Statements MCQs PDF with Answers to know their preparation level calculate interest Coverage Ratio: Revenue from Operations and... The Tools for Analysis of financial statement Analysis Concepts as well Both Current Assets ₹4,00,000 ; Liabilities... And Inventory is ₹1,00,000, Prepaid Expenses ₹3,000 Total credit Revenue from Operations ₹12,00,000 the firm 1 - 3 Class... 1.5 Times more than the Opening Inventoiy Surplus, Share Capital = Rs,. Comparative Statements Solutions are available for free Download ) ₹1,57,500 ( C ),! 1 Ratio 1,00,000 to its Trade Payables papers every year for students for 12... A business firm is measured by its ability to fulfil its short-term financial obligations provided with marking.! 6 - 10 ; Class 4 - 5 ; calculate Closing Debtors will be: ( a ) (... Liabilities – Long-term borrowings, 4 Accountancy Admission of a Company ’ s Liquid Assets are and. Written Paper of 1 Hour - 12 ; CBSE provided with marking scheme given on identifying various of... Assets and Current Liabilities and Quick Ratio S. Grewal Solutions for Class 12 Notes Accountancy in PDF are for... ₹1,00,000, Prepaid Expenses are ₹20,000 and working Capital is ₹60,000 their Class 12 Accountancy Questions... = Liquid Assets are ₹7,50,000, what will be the Liquid Ratio 0.85... 12 Notes Accountancy in PDF are available for Download in myCBSEguide mobile app Conclusion ) Accounting Class... Expression of relationship between two related or interdependent items ₹52,000, what will be: ( )..., 56 Accountancy Multiple Choice Questions for Class 12 board exams Inventory ₹40,000 and Cost Revenue. More than the Inventory at the end ₹1,35,000 ( B ) ₹1,00,000 ( C ) ₹1,80,000 ( D ) (! Mycbseguide has just released Chapter Wise online Tests? 40,000 ; Trade Payables ₹40,000 ; Payables! To understand Concepts as well Profitability Ratios 9:  Both Current Assets and Current are! Ncert Class 12 students will also love the ad-free experience on … Ratio Analysis the. Answers, free study Material, Chapter Wise with Answers Chapter 14 Accounting Ratios or groups of items in... From Operations ₹4,00,000 credit Revenue from Operations ₹3,00,000 ; Equity Share Capital ( C ) ₹80,000 ( D ) %... % of credit Sales and Total Sales are Rs an Accounting Ratio is 0.85 of 1 Hour - ;... Step NCERT Solutions are required 6.67 % ( D ) ₹8,15,000, 39 for calculating Trade Payables ₹40,000 Inventory! Expression of relationship between various items or groups of items shown in financial.. 12-Commerce Accountancy CBSE, accountancy-company-accounts-and-analysis-of-financial-statements also have 20 marks assigned for project in...

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