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Published on: 25/10/2025
Download CBSE Class 12th Standard CBSE Accountancy question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Accountancy
Questions + Answers key
Take MCQ Accountancy Test
1.
Fim the following information, prepare a comparative statement of profit and loss
| Particulars | 31st March, 2017(Rs.) | 31st March, 2016(Rs.) |
| Revenue from Operations | 24,00,000 | 18,00,000 |
| Other Incomes (% of Revenue from Operations) | 15% | 25% |
| Expenses (% of Revenue from Operations) | 60% | 50% |
| Tax Rate | 40% | 40% |
2.
Prepare a common size balance sheet of KJ Ltd from the following information
| Particulars | Note No | 31st March 2017(Rs) | 31st March 2016(Rs) |
|---|---|---|---|
| I.Equity and liabilities | |||
| 1.Shareholders Funds | 8,00,000 | 4,00,000 | |
| 2. Non-current Liabilities | 5,00,000 | 2,00,000 | |
| 3. Current Liabilities | 3,00,000 | 2,00,000 | |
| Total | 16,00,000 | 8,00,000 | |
| II.Assets | |||
| 1.Non-current Assets | 10,00,000 | 5,00,000 | |
| 2.Current Assets | 6,00,000 | 3,00,000 | |
| Total | 16,00,000 | 8,00,000 |
3.
From the following calculate the 'gross profit ratio" and 'working capital turnover ratio'.
| Information | Amt(Rs.) |
|---|---|
| Revenue from Operations | 30,00,000 |
| Cost of Revenue from Operations | 20,00,000 |
| Current Assets | 6,00,000 |
| Current Liabilities | 2,00,000 |
| Paid-up Share Capital | 5,00,000 |
4.
Calculate operating profit ratio from the following information.
| Particulars | Amt(Rs.) |
|---|---|
| Revenue from operations, i.e. net sales | 95,99,200 |
| Cost of revenue from operations i.e. cost of goods sold | 48,80.400 |
| Wages | 6,08,000 |
| Office and administrative expenses | 5,02,400 |
| Selling and distribution expenses | 9,00,800 |
| Interest on loan | 1,00,000 |
| Income from investment | 1,20,000 |
| Loss by theft | 60,000 |
5.
Net credit sales of Goel Ltd is Rs.2,25,000. Its debtors turnover ratio is 4 times.Calculate opening and closing trade receivables, if closing receivables are twice of opening receivables.
6.
The debt equity ratio of a company is 1:1. State giving reasons (for any four). which of the following would improve, reduce or not change the ratio.
(i) Purchase of machinery for cash.
(ii) Purchase of goods on credit.
(iii) Sale of furniture at cost.
(iv) Sale of goods at a profit.
(v) Redemption of debentures at a premium.
7.
From the following information, calculate debt equity ratio.
Equity share capital Rs. 50,000, general reserve Rs.5,000, statement of profit and loss (profit after interest and tax) Rs.15,000, 9%debentures Rs.20,000 creditors Rs.15,000, land and building Rs.65,000, equipments Rs.15,000, debtors Rs.14,500 and cash Rs.5,500. Sales for the year ended 31st March, 2011 were Rs.1,50,000. Tax rate 50%
8.
Calculate inventory turnover ratio from the data given below
Inventory at the beginning = Rs.50,000
Inventory at the end = Rs.75,000
Carriage and other direct expenses = Rs.15,000
Purchases = Rs.2,50,000
Net sales = Rs.3,25,000
9.
The following information is given.
Cost of goods sold = Rs.2,50,000
Purchases made during the year = Rs.3,00,000
Wages and salary = Rs.25,000
Carriage outward = Rs.5,000
Opening inventory = Rs.15,000
Compute the stock turnover ratio.
10.
The following information has been extracted from the books of Pure Con Company. Using the information, calculate the Cash Flows from Investing Activities :
| Particulars | Rs. |
|---|---|
| Land purchased during the year | 6,00,000 |
| Non-current Investment purchased | 2,90,000 |
| Purchase of Fixed Tangible Assets (Machinery) | 4,00,000 |
| Sale of Fixed Tangible Assets (building) | 5,20,000 |
| Sale of Non-current Investment | 1,50,000 |
| Sale of Fixed Tangible Assets (machinery) | 1,70,000 |
| Receipt for permission of use of patent | 90,000 |
| Interest received on debentures held as investments | 30,000 |
| Dividend received on shares as investments | 50,000 |
11.
Calculate Cash Flows from operating activities with the following information of X Ltd :
| Particulars |
01.04.2014 Rs. |
31.03.2015 Rs. |
|---|---|---|
| Balance in Statement of Profit and Loss | 50,000 | 30,000 |
| Trade receivables | 26,000 | 17,000 |
| Rent Payable | 1,600 | 4,000 |
| Prepaid Insurance | 2,800 | 2,400 |
| Inventory | 22,000 | 39,000 |
| Trade Payables | 20,000 | 10,000 |
X Ltd. had provided for the following items while arriving at the profit for the year :
(a) Depreciation on Fixed Tangible Assets (Machinery) Rs. 24,000.
(b) Writing off trade marks Rs. 6,000.
(c) Loss on sale of Fixed Tangible Assets (furniture) Rs. 2,000.
(d) Gain on sale of Fixed Tangible Assets (machinery) Rs. 4,000
12.
The profit of X Ltd. was Rs. 1,00,000 after considering the following items :
(a) Depreciation provided on Fixed Tangible Assets Rs. 20,000
(b) Patents written off Rs. 10,000
(c) Loss on sale of Furniture Rs. 1,000
(d) Provision for Taxation Rs. 1,60,000
(e) Transfer to General Reserve Rs. 14,000
(f) Profit on sale of Fixed Tangible Assets (Machinery) Rs. 6,000.
The following additional information is available to you:
| Items |
31.03.2014 Rs. |
31.03.2015 Rs. |
|---|---|---|
| Trade Receivables | 44,000 | 47,000 |
| Trade payables | 36,000 | 42,000 |
| Prepaid Expenses | 400 | 600 |
Calculate cash flows from operating activities.
1.
Comparative Statement of Profit and Loss for the year ending 31st March, 2016 and 2017
| Particulars | 31st March 2016(Rs.) | 31st March 2017 (Rs.) | Absolute Increase/ Decrease (Rs) | Percentage Increase/ Decrease (%) |
| I.Revenue from Operations | 18,00,000 | 24,00,000 | 6,00,000 | 33.33 |
| II.Other Income | 4,50,000 | 3,60,000 | (90,000) | (20) |
| III. Total Revenue (l + Il) | 22,50,000 | 27,60,000 | 5,10,000 | 22.67 |
| IV. Expenses | (9,00,000) | (14,40,000) | (5,40,000) | 60 |
| V. Profit before Tax | 13,50,000 | 13,20,000 | (30,000) | (2.22) |
| (-) Tax (40%) | (5,40,000) | (5,28,000) | (12,000) | (2.22) |
| VI. Profit after Tax | 8,10,000 | 7,92,000 | (18,000) | (2.22) |
2.
Common Slze Balance Sheet as at 31st March, 2016 and 2017
| Absolute Amounts | Balance Sheet Total | ||||
|---|---|---|---|---|---|
| Particulars | Note No | 31st March 2016(Rs) | 31st March 2017(Rs) | 31st March 2016(%) | 31st March 2017(%) |
| I.Equity and liabilities | |||||
| 1.Shareholders Funds | 4,00,000 | 2,00,000 | 50 | 50 | |
| 2. Non-current Liabilities | 2,00,000 | 5,00,000 | 25 | 31.25 | |
| 3.Current Liabilities | 2,00,000 | 4,00,000 | 25 | 18.75 | |
| Total | 8,00,000 | 16,00,000 | 100 | 100 | |
| II.Assets | |||||
| 1.Non-current Assets | 5,00,000 | 10,00,000 | 62.5 | 62.5 | |
| 2. Curent Assets | 3,00,000 | 6,00,000 | 37.5 | 37.5 | |
| Total | 8,00,000 | 16,00,000 | 100 | 100 | |
3.
(i) Gross profit ratio=\(\frac { Gross\quad profit* }{ Revenue\quad from\quad operations } \times 100\)
=\(\frac { 10,00,000 }{ 30,00,000 } \times 100\)=33.33%
*Gross profit = Revenue from operations - Cost of revenue from operations
= 30,00,000– 20,00,000 = Rs.10,00,000
(ii) Working capital turnover ratio = Revenue from operations i. e. net sales*/ Working capital* *
=\(\frac { 30,00,000 }{ 40,00,000 } =7.5: 1\)
*Working Capital = Current Assets -Current Liabilities
= 6,00,000 – 2,00,000 = Rs.4,00,000
4.
Operating profit ratio = 34.54%
5.
Opening receivables =Rs.37,500;
Closing receivables ='Rs.75,000
6.
(i) No change (ii) No change (iii) No change (iv) Reduce (v) Reduce
7.
Debt equity ratio = 0.29: 1
8.
Stock turnover ratio = 3.84 times
9.
Stock turnover ratio = 4.76 times
10.
Net cash used in Investing Activities (Rs. 2,80,000)
11.
Operating profit before working capital changes Rs. 8,000; Net Cash used in Operating activities (Rs. 7,200).
12.
Operating Profit before working capital changes Rs. 2,99,000; Net Cash from Operating Activities Rs. 3,01,800.
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