Download books and chapters from book store. Trade Receivables ?40,000; Trade Payables ₹60,000; Prepaid Expenses ₹10,000; Inventory ₹1,00,000 and Goodwill is ₹15,000. A firm’s current ratio is 3.5 : 2. NCERT Books. 1850000. 10 each 1,00,000, Interest on longs term loans from bank 5,000, Profit before Interest & Tax = Profit after tax + Interest on debentures + Interest Long term Loans, = Rs. Which of the following transactions will improve the quick ratio? On the basis of following data, the cost of revenue from operations by a company will be : (D) ₹60,000. (D) 5 times, 85. Credit revenue from operations ₹24,00,000; Trade Receivables Turnover Ratio 6 times; Opening Debtors ₹3,20,000. (A) Office Expenses If the inventory turnover ratio is divided into 365, it becomes a measure of (B) ₹1,60,000 Liquid Ratio is equal to liquid assets divided by : (A) 75% (D) ₹24,000, 45. 2,00,000. They are being categorised into different types which are given as below: ... Solvency Ratio Analysis – Question 1. Accounting ratios are useful in analyzing the company’s performance and financial position. (D) ₹26,000, 76. Liquid Ratio will be : (C) 8 times (B) 1 : 2 (A) ₹4,00,000 (D) 2.05 : 1, 38. (A) .4 ; 1 (A) 2 : 1 (A) 2 : 1 These test papers with solution are prepared by our team of expert teachers who are teaching grade in … (C) 18% Calculate individual partner’s gain or sacrifice due to change in ratio. (D) 1.75 : 1, 20. G.P. If its Liquid Ratio is 1.5, what will be the value of Inventory? (D) 10 times, 98. Opening Inventory ₹75,000; Closing Inventory ₹1,05,000; Inventory Turnover Ratio 6; Gross Profit 20% on cost; what will be Gross Profit? (B) 2 : 1 (D) Difference between Current Assets and Fixed Assets, 7. 1,50,000; Debtors ₹1,00,000; B/R ₹50,000. Cash Flow Statement. (C) Goodwill (B) ₹3,60,000 (D) Liquid ratio, inventory, 30. (B) Average Age of Inventory Examples of most common ratios are Current Ratio, Equity Ratio, Debt to Equity Ratio, Fixed Assets Turnover Ratio, etc. … Choose your answers to the questions and click 'Next' to see the next set of questions. (C) Current Assets/Current Liabilities 69. (A) 2 : 1 Explanation : – Working capital turnover ratio = 1850000/370000. (C) 1.3 : 1 Activity Ratio. Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. (A) 1 : 1 (D) Bills Receivable, 12. Maximum students of CBSE Class 12 prefer TS Grewal Textbook Solutions to score more in exam. (C) Issue of Debentures for cash (D) Operating Ratio, 52. The ………….. ratios provide the information critical to the long run operation of the firm. (B) 2.25 : 1 Assuming liquid ratio of 1.2 : 1, cash collected from debtors would : ₹60,000; Revenue from Operations ₹30,00,000. Class 1 - 3; Class 4 - 5; Class 6 - 10; Class 11 - 12; CBSE. (C) Bank Balance Its Current Ratio will be: Working capital turnover ratio … 108. Question and Answer forum for K12 Students. Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project Current Ratio will be : Select the best alternate and check your answer with the answers given at the end of the book. (A) ₹4,50,000 Meaning of Cash Flow Statement. Accounting Ratios Book Chosen. BOOK FREE CLASS; COMPETITIVE EXAMS. Current Ratio of a Company is 2.5 : 1. Mention various types of accounting ratios. 11,00,000. The ………………… of a business firm is measured by its ability to satisfy its short term obligations as they become due. (B) Long Term Debts (A) ₹1,35,000 Accounting Ratios Book Chosen. (C) ₹2,70,000 (A) Current Ratio (A) Long-Term Debts State with reason which of the following transactions would (i) increase; (ii) decrease or (iii) not change the ratio: 1. (C) 1 : 3 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. (C) 45 Days (C) ₹90,000 12: Calculate âGross Profit Ratioâ from the following information: 13: Calculate âOperating Profit Rationâ and âOperating Ratioâ from the following information: Operating profit = Net Revenue from Operation â Operating Cost, Operating Cost = Cost of Revenue from Operation + Operating Expenses, Operating profit =80,000 -70,000 = Rs. 12th Class - CBSE - Accountancy - 345 Questions - 0 Concepts. (A) 4% Revenue from Operations ₹8,00,000; Gross Profit Ratio 25%; Opening Inventory ₹1,00,000; Closing Inventory ₹60,000. (C) 2 : 1 Students who are in class 12th or preparing for any exam which is based on Class 12 Accountancy can refer NCERT Accountancy-II Book for their preparation. (D) Current ratio and Average Collection period, 2. 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. (A) ₹1,50,000 (C) 1.67 : 1 (D) 15%, 110. (B) 2.4 Months Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 10 Accounting Ratios with Answers Pdf free download. Accounting Ratios. The Partnership Deed provides that interest on capital is to be allowed @ 10% p.a. (B) Decrease Current ratio After this the company paid ₹1,00,000 to a trade payable. […] 4,00,000, Equity = Share Capital + Reserves and Surplus, Share Capital = Rs. (B) ₹6,95,000 (D) ₹5,00,000, 105. All the students are in last stage of their preparation. (B) 6 times (A) Non-Current Liabilities The opening stock is Rs. (A) ₹1,15,000 Current Ratio is : 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. (B) 52 : 1 (C) 19% (B) Prepaid Expenses A Company’s Current Ratio is 2.5 : 1 and its Working Capital is ₹60,000. (C) 1.25 : 1 (D) ₹2,80,000, 42. (D) 1.3 : 1, 37. Class 12 students will also have 20 marks assigned for project work in Accountancy. For example, if the gross profit of the business is Rs. (A) Liquid Ratio (A) 6 times The fixed capitals of the partners were : X ₹5,00,000; Y ₹ 5,00,000 and Z ₹ 2,50,000 respectively. (C) Inventory 10,000 and the ‘Revenue from Operations’ are Rs. Debt-equity ratio will be : 2. (C) 3 Months Easy to print and read. (B) ₹4,80,000 (A) Current Assets – Prepaid Lxp. We hope the given Accountancy MCQs for Class 12 with Answers Chapter 14 Accounting Ratios will help you. Cash Flow Statement. 1 CBSE Class 12 Accountancy Important Questions Chapter wise. (D) 3.8 Times, 99. (D) 37 : 1, 65. If its working capital is ₹60,000, its current liabilities will be : As the students would have learnt the basic fundamentals about the subject of accountancy in Class 11, this curriculum for Class 12 is a continual part of it; it explains the concepts in a great way. Cash Balance ₹5,000; Trade Payables ₹40,000; Inventory ₹50,000; Trade Receivables ₹65,000 and Prepaid Expenses are ₹10,000. Profitability Ratio. (A) 2.5 Times (B) 4 : 1 Which of the following is not operating expenses? (B) 6 months (D) 133%, 55. Accounting Ratios - Accountancy Notes, Questions and Answers, Free Study Material, Chapter wise Online Tests. (A) Cash Collected from Trade Receivables (C) Marketable Securities Answer: D. 2. (B) 2:1.8 (A) Inventory turnover and Current ratio (A) 3 months 34. (B) ₹1,08,000 (C) 11 Times Average Inventory ₹60,000; Inventory Turnover Ratio 8; Gross Profit 20% on revenue from operations; what will be Gross Profit? Hence, Ratio analysis is the process of interpreting the accounting ratios meaningfully and taking decisions on this basis. (C) 70% (D) ₹15,000, 80. (C) Difference between Current Assets and Current Liabilities You will also love the ad-free experience on … Its current liabilities are ₹1,20,000. (D) 1.5 : 1, 25. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. (C) 5 : 1 3,50,000 â Rs. Classification of Ratios : Accounting ratios are used to analyse the financial position of the firm. (D) 1.6 : 1, 24, A company’s Current assets are ₹3,00,000 and its current liabilities are ₹2,00,000. (A) Liquid Assets/Current Assets Average collection period is 3 months. (B) Liquid Assets Inventory Turnover Ratio will be : CBSE Class 12 Accountancy Chapter 13 Important Questions – Free PDF Download. Chapter 5 - Accounting Ratios; Chapter 6 - Cash Flow Statements; Why CBSE Class 12 Commerce Accountancy solutions are important? 3: Calculate âDebt-Equity Ratioâ from the following information: Debt = Total Debt â Current Liabilities, = Rs. Answer. 11: Compute Working Capital Turnover Ratio from the following information: Net Sales = Cash Sales + Credit Sales â Sales Return, = 1,30,000+3,80,000-10,000 = Rs. Hint: Working Capital + Current Liabilities = Current Assets, 68. 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. (A) 52 Days (C) 8 Times English Shaalaa provides solutions for TS Grewal Class 12 and has all the answers for the questions given in Class 12 Accountancy - Analysis Of Financial Statements.Shaalaa is surely a site that most of your classmates are using to perform well in exams. (B) Sale of goods on credit A Company’s Current Ratio is 3 : 1; Current Liabilities are ₹2,50,000; Inventory is ₹60,000 and Prepaid Expenses are ₹5,000. Currently only available for. Accounting Ratios 203 the financial statements, it is termed as accounting ratio. 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. Reason: Neither current Assets and current Liabilities are decreasing with the same amount. (D) Profitability, 9. Then opening Inventory will be = x+1.5x = 2.5x. (B) 9 times Opening debtors are ₹1,10,000. (D) None of the Above, 13. Hence, Ratio analysis is the process of interpreting the accounting ratios meaningfully and taking decisions on this basis. Inventory in the beginning is 1.5 times more than the inventory at the end. For example, if the gross profit of the business is Rs. (A) 1 : 1 1,00,000, it can be said that the gross profit is 10% × 10,000 100 1,00,000 of the ‘Revenue from Operations’ . (B) 1.67 : 1 Cost of Revenue from Operations = From the following particulars found in the Trading, Profit and Loss Account of A Company Ltd., … Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Currently only available for. Revenue from Operations ₹6,00,000; Gross Profit 20%; Office Expenses ₹30,000; Selling Expenses ?₹48,000. (D) ₹18,000, 81. 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. (A) 1 : 2 (D) 65%, 111. Ratio Analysis - Finance (MCQ) Questions and answers. These are the final accounts prepared at the end of the accounting period and include balance sheet and statement of profit and … On the basis of following information received from a firm, its Total Assets-Debt Ratio will be : 60,000; Cash Sales is 25% of Credit Sales and Total Sales are Rs. 70,00,000. (A) ₹1,60,000 10,000. (D) Loss by Fire. 1 CBSE Class 12 Accountancy Important Questions Chapter wise. Opening Inventory ₹1,00,000; Closing Inventory ₹1,20,000; Purchases ₹20,00,000; Wages ₹2,40,000; Carriage Inwards ₹1,50,000; Selling Exp. 80,000 â 60,000 â 10,000 â 6,000 + 4,000 = 8,000. (A) ₹1,35,000 For more practice related to the subject, study materials such as sample papers, previous years' papers and NCERT solutions are required. (B) ₹60,000 (B) ₹1,00,000 (C) 4 : 1 (C) ₹40,000 Z is to be allowed a salary of ₹ 2,000 per month. (B) ₹2,00,000 (C) Current ratio, inventory (B) Short Term & Long Term Debts (A) 1.33 : 1 (C) Intangible Assets What will be the amount of Gross Profit. (A) 3 : 1 A company’s Current Ratio is 2 : 1. (D) None of Above, 16. (D) ₹4,80,000, 73. On the basis of following information received from a firm, its Proprietary Ratio will be : (A) ₹45,000 (B) Decrease Current ratio A Company’s Quick Ratio is 1.8 : 1; Liquid Assets are ₹5,40,000 and Inventory is ₹1,50,000. (C) 1 : 2 7,00,000-50,000 = Rs. Limitations of Ratio Analysis: i. (D) Contingent Liabilities, 15. (C) 45% Find out the value of Closing In ventory, if Closing Inventory is ₹8,000 more than the Opening Inventoiy. Ratio Analysis in Accounting Chapter Exam Instructions. (C) Activity Ratio An accounting ratio is a mathematical relationship between two interrelated financial variables. Its Current Ratio will be : Download CBSE Class 12 Accountancy Accounting Ratios MCQs Set B in pdf, Accountancy chapter wise Multiple Choice Questions free, Question: Items Included in Long-term Debtsa) Long-term borrowings and Long-term provisionsb) Long-term borrowingsc) Long-term provisionsd) None of the optionsAnswer: Long-term borrowings and Long-term provisions b)Project File - 4 Marks. On the basis of following information received from a firm, its Debt-Equity Ratio will be : The entire NCERT textbook questions have been solved by best teachers for you. 16,000. 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. ... Accounting for Share Capital. (D) 1.6 Months, 90. (C) 7 Times 4,50,000+Rs.1,80,000 = Rs. Currently only available for. (C) 1.8 : 1 All the solutions of Accountancy explained in detail by experts to help students prepare for their CBSE exams. (B) 5.6 times (B) Purchase of goods for cash Calculate operating ratio (A) 80% (B) 2 : 1 (C) Shareholder’s Funds/Total Assets Debentures = 13,00,000 +1,00,000 +2,00,000 = 16,00,000. (D) decrease gross profit ratio, 31. Important Questions. (A) 74% Yes, these are the best TS Grewal 12 Accountancy solution options on the market. (C) 8 Times (C) 6.67% (D) Profitability, 56. (C) have no effect on liquid ratio Accounting Ratios 203 the financial statements, it is termed as accounting ratio. (C) have no effect on Current ratio Ideal Current Ratio is : Answer. (A) 2 : 1 Download NCERT Class 12 Accountancy Accounting Ratios NCERT Book and other CBSE KVS Accountancy latest books free in pdf format chapter wise, NCERT Class 12 Accountancy Accounting Ratios.Download NCERT Chapters and Books in pdf format. 36,000; Current Ratio 2.8:1; Inventory Rs. ... Accounting Ratios (D) All of the above. 1.Liquidity Ratios Liquidity ratios measure the firm’s ability to fulfil its short-term financial obligations. (B) ₹36,000 NCERT Solutions for Class 12 Commerce Accountancy Chapter 5 Accounting Ratios are provided here with simple step-by-step explanations. 1,25,000. Statement Analysis Tools and Accounting Ratios Class 12 Accountancy Extra Questions. December 20, 2019 by CoolGyan Leave a Comment. CBSE Class 12 Accountancy Ratio Analysis. (C) ₹80,000 (C) 3 : 1 50,000 were converted into Equity Shares. Its current ratio 2.5 and liquid Ratio is 0.85. When ratios are calculated on […] (D) 6 months, 97. (C) ₹1,00,000 (D) 2 : 1, 29. (A) 75% The current ratio after the payment will be : (C) 60% (B) Liquidity Calculate Current Assets, Current Liabilities and Quick Ratio. Accountancy Book Store. (C) 1 : 3 (A) 1 : 1 (D) 37 : 1, 64. Accounting ratios are widely used for such comparisons. Total Revenue from Operations ₹15,00,000; Cost of Revenue from Operations ₹9,00,000 and Operating Expenses ₹2,25,000. The Current Ratio after the payment will be : Calculate individual partner’s gain or sacrifice due to change in ratio. (A) Liquidity Ratio (D) Average Collection Period, 77. (B) ₹1,60,000 Ideal Quick Ratio is : 10,000 less than opening creditors. (A) 2 : 1 Previous Year Papers. Average Payment Period will be : In view of the requirements of various users, the accounting ratios may be classified as under. (D) ₹1,80,000, 44. 18: Complete the Balance Sheet of Raj Ltd. From the following information : (2) Non-current Liabilities – Long-term borrowings, 4. (C) ₹82,000 From the following information calculate the working capital turnover ratio: Revenue from the operation for the year were RS. Inventory = Current Assets â Liquid Assets. 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