12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Economics Government Budget and the Economy Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Interface Python with MySQL - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Database Concept - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Communication - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Structures - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Functions - New Previous year Question Papers Study Material - QB365 Set A

Published on: 05/10/2019
Accounting Ratio
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.
Calculate debt equity ratio from the following information.
Total assets = Rs.3,50,000, total debt = Rs.2,50,000, current liabilities = Rs.80,000
2.
The average inventory of Ramesh Ltd amounts to Rs.25,000. Its stock turnover ratio is of 6 times. It is the policy of the company to sell goods at 20% profit on sales. Find out the profit of the company
3.
Revenue from operations of Car Trade. com is Rs.15,75,000. Rate of gross profit on cost is 20%. Inventory in the beginning was 20% of sales and that at the end exceeded opening inventory by Rs.10,000.Calculate the 'stock turnover ratio of the company.
4.
Ratio of current assets (Rs.3,00,000) to current liabilities (Rs.2,00,000) is 1.5 : 1. The accountant of the firm is interested in maintaining a current ratio of 2: 1 by paying off a part of current liabilities. Compute the amount of current liabilities that should be paid off so that the current ratio at the level of 2: 1 may be maintained.
5.
Current assets of a company are Rs.2,52,000 and the current ratio is 1.5. The value of inventory is Rs.4,000. Find the liquid ratio.
6.
The current ratio of Richa Ltd is 4.5 : 1 and liquid ratio is 3:1. Inventories are Rs.30,000. What are the current liabilities, current assets, liquid assets?
7.
A firm wants to maintain an ideal current ratio of 2:1. Its current assets are of Rs.12,00,000 and current liabilities amount to Rs.4,00,000. Find the amount of current assets that it should purchase on credit to achieve that ratio.
8.
The current assets and current liabilities of a firm are Rs.5,00,000 and Rs.4,00,000 respectively.
Calculate the current ratio if.
(i) It purchased goods worth Rs.1,00,000 on credit.
(ii) It paid Rs.2,00,000 to a creditor.
9.
The current ratio of a company is 2 : 1. State giving reasons, which of the following would improve, reduce or not change the ratio.
(i) Repayment of a current liability.
(ii) Purchasing goods on cash.
(iji) Sale of office equipment of Rs.4,000 (book value Rs.5,000).
(iv) Sale of goods Rs.11,000 (cost Rs.10,000).
(v) Payment of dividend.
10.
Calculate the current ratio if working capital Rs.15,000, total liabilities (other than shareholders' funds) Rs.32,500, long-term debt Rs.25,000.
1.
Debt equity ratio = 1.7 : 1
2.
Proit=Rs.37,500
3.
Stock turnover ratio = 4.10 times
4.
Current liabilities to be paid off=Rs.1,00,000
5.
Liquid ratio = 1.48 : 1
6.
Current liabilities =Rs.20,000;
Current assets =Rs.90,000;
Liquid assets =Rs.20,000
7.
Current assets of Rs.4,00,000 should be purchased on credit.
8.
(i) Current ratio (after purchase of goods) = 1.2 : 1
(ii) Current ratio (after payment to creditor) = 1.5: 1
9.
(i) Improve (ii) No change (iii) Improve (iv) Improve (v) Improve
10.
Current ratio = 3 : 1
12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Computer Science Python Revision Tour I - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Planning Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Business Environment Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Principles of Management Important Questions And Answers Study Material - QB365 Set A
CBSE 12th Standard CBSE Subjects
CBSE Standards