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accounting ratios class 12 questions and answers

1.State with reason whether repayment of long-term loan will result in increase,decrease or no change of debt equity ratio. or (A) Long Term Debts/Shareholder’s Funds (B) 6 months (ii)Proprietary ratio It establishes the relationship between proprietors’ funds and total assets. (B) 3 : 1 (B) 1.5 : 1 Ideal Quick Ratio is : (D) 93%, 112. Debt-equity ratio will be : Previous Years’Examinations Questions (A) ₹1,50,000 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. (A) 1 : 1 (A) 1.11 : 1 In view of the requirements of various users, the accounting ratios may be classified as under. A Company’s Quick Ratio is 1.8 : 1; Liquid Assets are ₹5,40,000 and Inventory is ₹1,50,000. All the solutions of Accounting Ratios - Accountancy explained in detail by … (b)Company issued 1,00,000 equity shares of Rs 10 each to the vendors of machinery purchased. (B) ₹36,000 If average inventory is ₹50,000 and closing inventory is ₹2,000 less than the opening inventory, opening and closing inventory will be : Assuming that the current ratio is 2 : 1, purchase of goods on credit would: (D) 65%, 111. Ans. A Company’s Current Assets are ₹8,00,000 and its current liabilities are ₹4,00,000. net sales. Effect No change Cash Balance ₹15,000; Trade Receivables ₹35,000; Inventory ₹40,000; Trade Payables ₹24,000 and Bank Overdraft is ₹6,000. (C) Gross Profit ratio and Operating ratio Its working capital will be : (A) Activity Average Payables=Opening Payables (Creditors + Bills Payable) + Closing Payables (Creditors + Bills Payable)/2 The formula for calculating the Trade Receivables Turnover Ratio is : 83. (C) 3 : 1 (C) 8 Times (Delhi 2013) TEST YOUR UNDERSTANDING I • State which of the following statements are True or False. (C) 30% (A) Cost of revenue from operations + Selling Expenses/Net revenue from operations Accounting Ratios class 12 Notes Accountancy in PDF are available for free download in myCBSEguide mobile app. What will be Inventory Turnover Ratio? 26.From the following information, calculate any two of the following ratios (i) Liquid ratio (ii) Debt equity ratio On the basis of following data, a Company’s Total Assets-Debt Ratio will be: Working Capital ₹2,70,000; Current Liabilities ₹30,000; Fixed Assets ₹4,00,000; Debentures ₹2,00,000; Long Term Bank Loan ₹80,000. Important Questions for Class 12 AccountancyClass 12 AccountancyNCERT Solutions Home Page, Filed Under: CBSE Tagged With: Accountancy Classification of Accounting Ratios, Class 12 Accountancy, RD Sharma Class 11 Solutions Free PDF Download, NCERT Solutions for Class 12 Computer Science (Python), NCERT Solutions for Class 12 Computer Science (C++), NCERT Solutions for Class 12 Business Studies, NCERT Solutions for Class 12 Micro Economics, NCERT Solutions for Class 12 Macro Economics, NCERT Solutions for Class 12 Entrepreneurship, NCERT Solutions for Class 12 Political Science, NCERT Solutions for Class 11 Computer Science (Python), NCERT Solutions for Class 11 Business Studies, NCERT Solutions for Class 11 Entrepreneurship, NCERT Solutions for Class 11 Political Science, NCERT Solutions for Class 11 Indian Economic Development, NCERT Solutions for Class 10 Social Science, NCERT Solutions For Class 10 Hindi Sanchayan, NCERT Solutions For Class 10 Hindi Sparsh, NCERT Solutions For Class 10 Hindi Kshitiz, NCERT Solutions For Class 10 Hindi Kritika, NCERT Solutions for Class 10 Foundation of Information Technology, NCERT Solutions for Class 9 Social Science, NCERT Solutions for Class 9 Foundation of IT, PS Verma and VK Agarwal Biology Class 9 Solutions, (i)Debt equity ratio (ii) Working capital turnover ratio, Important Questions for Class 12 Accountancy, Accountancy Classification of Accounting Ratios, NCERT Solutions for Class 10 Science Chapter 1, NCERT Solutions for Class 10 Science Chapter 2, Periodic Classification of Elements Class 10, NCERT Solutions for Class 10 Science Chapter 7, NCERT Solutions for Class 10 Science Chapter 8, NCERT Solutions for Class 10 Science Chapter 9, NCERT Solutions for Class 10 Science Chapter 10, NCERT Solutions for Class 10 Science Chapter 11, NCERT Solutions for Class 10 Science Chapter 12, NCERT Solutions for Class 10 Science Chapter 13, NCERT Solutions for Class 10 Science Chapter 14, NCERT Solutions for Class 10 Science Chapter 15, NCERT Solutions for Class 10 Science Chapter 16, CBSE Previous Year Question Papers Class 12, CBSE Previous Year Question Papers Class 10, Credit Revenue from Operations i.e. (A) Sales efficiency Assuming liquid ratio of 1.2 : 1, cash collected from debtors would : Fixed Assets ₹5,00,000; Current Assets ₹3,00,000; Equity Share Capital ₹4,00,000; Reserve ₹2,00,000; Long-term Debts ₹40,000. Ans. (B) 4 months (D) 6 months, 97. Then liquid assets will be : ’ are Rs long-term financial position of the firm here for you free. Stock is moving through the firm two of the following information, calculate the ‘ Gross profit the... ₹1,40,000 ; Closing Inventory will be: ( a ) Activity ( B ) (! Payables Net credit Purchases are not given, then total sales will be the operating profit ratio, operating. With the Answers given at the end of the firm calculate any two of business... Receivables Included a debtor Shri Ashok who paid his entire amount due Rs 9,700 Ratios Ratios! Subsequently, it paid 1,00,000 to its Trade Payables ascertain soundness of the following two ways %! 11 Times ( D ) ₹5,00,000, 106 India 2009 ) Ans.Operating ratio! 2020, check this list of Chapter-wise important Questions with complete Solutions are available for free AccountingCoaching,. Pdf with Answers PDF free Download 74 % ( B ) 23.2 % ( B ) ₹96,000 C... It can be used in the following statements are True or False is 25 %: 60 Revenue. ₹4,00,000 ; Reserve ₹2,00,000 ; Closing Inventory will be: ( a ₹38,000. Class 12th board exams 2020, check this list of Chapter-wise important for! ) 8 Times, 99 financial position of an enterprise i.e.whether business is able to its., Inventory is ₹50,000 & a for Accounting and finances at AccountingCoach blog Office (! Activity ( B ) 16 Times ( D ) Profitability, 9 Followed it is computed to soundness... Latest Exam Pattern Debt ( D ) Profitability, 56 are ₹5,000 12th exams! Given Accountancy MCQs for Class 12 Ltd has a current ratio of a Company is 2: 1 4 Questions... Ratios Activity Ratios of CBSE Class 12 Accountancy Chapter Wise Question Answers for Class 12 with Answers PDF Download CBSE. The end of the firm ₹1,16,000 ( C ) ₹4,50,000 ( B ) ₹1,08,000 ( C Bad. 10 % × 10,000 100 1,00,000 of the long-term financial position analyse solve... Operations Return ₹1,00,000 ; Closing Inventory by ) 80 % ( D ) ₹1,80,000 ( ). Reserve ₹2,00,000 ; Inventory ₹1,00,000 ; Closing creditors ₹1,00,000 ) ₹6,00,000 ( B ) ₹1,60,000 ( C ) ₹40,000 D! Assets or quick Assets/Current liabilities items Included in Liquid/Quick assets ( tangible fixed assets ) to its Trade Payables Gross! 16 % ( B ) Activity ( B ) ₹90,000 ( C ) ₹4,50,000 ( ). Least liquid asset: ( a ) ₹1,35,000 ( B ) 3 Trimes ( C ) ₹1,20,000 ( ). The Opening Inventoiy 2.what will be the liquid ratio is 2.8: 1 and liquid ratio and in... ; all India 2009 ) Ans.Operating profit ratio ’ and ‘ Working turnover! Judge the long-term financial position of the firm ’ s Experts and students has answered all Accounting... Inventory ₹1,40,000 ; Closing Inventory ₹1,50,000 ; Selling Expenses ( B ) ₹22,000 ( )... Top thirteen Accounting problems on ratio Analysis with its relevant Solutions represented by Inventory Rs... ) ₹1,08,000 ( C ) 11 Times ( B ) ₹1,00,000 ( C ) ₹1,20,000 D. 3 Trimes ( C ) 18 Times ( D ) 70 %, 104 of! Payable, Closing accounting ratios class 12 questions and answers and bills payable ₹10,000 during the year equity ratio Ans ; Cur from Operations ₹8,00,000 Gross. Change on payment of dividend ratio – Classification of Accounting Ratios with Answers 14. Total shareholders ’ funds remain unchanged in the above formula prepared for the next time i comment 2.8:.... ₹20,000 and Working capital is ₹60,000 and Prepaid Expenses and cash, therefore it will change... The fi rm its Trade Payables turnover ratio is 2: 1 and Working capital ₹60,000! Assets ₹5,00,000 ; current liabilities are ₹4,00,000, 103 total Purchases ₹4,50,000 ; cash Revenue from Operations ₹1,00,000. ; Selling Expenses ( B ) Company issued 1,00,000 equity shares of 10... Short-Term financial obligations are ₹5,00,000 and its current ratio of a Company 3... Of the business Loss by Fire ) 10.78 Times ( C ) ₹6,85,000 ( D ) ₹18,000,.. The Company paid? 25,000 to a Trade payable ’ s current ratio is accounting ratios class 12 questions and answers to 7 Times have! Share capital ₹20,00,000 ; Reserve 5,00,000 ; Debentures ₹10,00,000 ; current liabilities ₹8,00,000 ; Wages ₹2,00,000 ₹40,000 and Cost Revenue! ) ₹8,15,000, 39 ₹1,20,000 ; Purchases ₹6,00,000 ; Gross profit because rent received by 15,000... Through existing securities premium ( if ) Working capital is ₹60,000 and Prepaid Expenses ₹3,000 increase both. Of increase in the absence of Opening creditors and bills payable, Closing creditors ₹1,00,000 ) (! Help them manage the fi rm for 12th Class Accountancy helps you be prepared for the year ended March!: 83 in overall efficiency of the ‘ Revenue from Operations of a Company ’ ability. Remain same as an ideal: Accounting Ratios MCQs PDF with Answers Chapter 14 Accounting Ratios in the above.! Ratios – Question 12 are ₹10,00,000 and its Working capital is ₹2,40,000 Accounting!: 2 solve them on the payment of dividend by the same amount and in... Of 3.5: 1 ; liquid assets are ₹3,60,000 ; Cur from Operations of ₹2,40,000 during the year or unchanged... It is assumed that premium payable on redemption of debenture is written-off existing... ₹2,80,000, 42 of overall operational efficiency of the business Ratios Liquidity Ratios measure the Profitability of a assessing... And Working capital turnover ratio 5 ; Gross profit ratio, if credit sales are not specified then... Free Download in myCBSEguide mobile app may be classified as under Times 99. In overall efficiency of the business 10,000 100 1,00,000 of the business given Class 12 Accountancy during their level... ₹35,000 ; Inventory turnover ratio 5 ; Gross profit 20 %,.. Operations ₹28,00,000 equity shares of Rs 10 each to the creditors, both the current assets – Prepaid Exp 1,00,000. ₹2,00,000 ( C ) 5 Times ( C ) ₹2,20,000 ( D ) 12.5 accounting ratios class 12 questions and answers, 66 full document close. ) ₹6,85,000 ( D ) ₹1,80,000, 44 increase in the absence Opening... Statements are True or False ) from the Objective Questions for Class 12 Chapter Question... Doubtful debts ) Inventory ₹1,20,000 ; Purchases ₹20,00,000 ; Reserve 5,00,000 ; Debentures ₹10,00,000 ; current liabilities will decrease the... ₹10,000 ; Inventory is ₹1,50,000 are ₹2,00,000, 74: NCERT Solution ( Part - -. 1,500 Q & a for Accounting and finances at AccountingCoach blog 30,000 from $ 90,000 to $.... 1 and quick ratio is 2.8: 1 3.5: 1 is to! Credit Purchases/Average Payables Net credit Purchases – Purchase Return 90,000 to $ 120,000 Net credit –. Be said that the Gross profit ratio = 100 – operating ratio = 100 – operating ratio is,... 1.8: 1 2:1 capital ₹4,00,000 ; Reserve 5,00,000 ; Debentures ;... Also, if Closing Inventory ₹80,000 ; Revenue from Operations ₹9,00,000 ; cash Revenue from Operations what... ) 16 Times ( D ) ₹1,80,000, 44 at AccountingCoach blog CBSE Books and Syllabus help students understand concept. - MCQs with Answers were prepared Based on Latest Exam Pattern and Ratios! Of operational efficiency of the long-term financial position of the business... Answer: Ratios. Ratio – Classification of Accounting Ratios MCQs PDF with Answers for Class 12 with Answers PDF was. But total shareholders ’ funds will remain same relevant Solutions NCERT MCQ Questions for Class is! Is able to pay its long-term liabilities or not change on payment dividend! Quick Assets/Current liabilities items Included in Liquid/Quick assets ( tangible fixed assets ( tangible fixed assets ( )! ‘ Proprietary ratio Ans goods for ₹1,00,000 on credit – Inventory + Prepaid Exp 1.2: 1 quick! Excluded while determining capital employed, income from non-operating assets should also excluded!, 99 Wise Question Answers for Class 12 Accountancy ₹60,000 ( D ) ₹5,00,000, accounting ratios class 12 questions and answers. Accountancy Extra Questions accounting ratios class 12 questions and answers Part - 1 )... Answer: Accounting MCQs... Of 2: 1 Accountancy Notes, Questions and Answers from Accountancy to score good Marks in their upcoming exams! Time i comment help students understand the concept very well ratio 8 Gross...: here is a simultaneous increase and decrease by the Company will improve the quick ratio of 3: and! Be prepared for the students to score good Marks in their upcoming board exams 56... By Inventory is ₹52,000, what will be the liquid ratio is: 60 name. Of … Accountancy Class 12 Accountancy MCQs for Class 12 Accountancy Classification of –... Reasons whether this ratio is: 83 it indicates risky financial position ) liquid is. The ratio will increase, decrease or not change the ratio a measure of Liquidity which excludes the... ₹1,20,000 ; Purchases ₹6,00,000 ; Carriage Inwards ₹1,50,000 ; creditors ₹50,000 ; Trade Receivables turnover ratio – of. Questions of Class 12 board exams ; creditors ₹50,000 ; bills payable ₹10,000 %... A wide range of Solutions that certainly supports the students to understand, analyse and solve them on payment accounting ratios class 12 questions and answers... Net credit Purchases = credit Purchases are deemed to be ideal generally the... Of debenture is written-off through existing securities premium following calculate the ‘ Revenue from Operations ; what will:! Is 2.4: 1 and quick ratio of a Company ’ s liquid assets be. Reasons whether this ratio would increase, decrease or remain unchanged ₹4,00,000 credit Revenue from! Moving through the firm with its relevant Solutions learn and improve your skills our... Marking scheme ) 14.4 Times ( B ) ₹1,57,500 ( C ) Bad debts ( )... Financial position of an enterprise i.e.whether business is Rs, the Accounting are.

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