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Worksheet Class 12th Accountancy

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65 views2 pages

Worksheet Class 12th Accountancy

Uploaded by

arnavgoel227
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Accountancy Ratio Worksheet

Class 12th
Section:- A
Q1:- ___________ ratios are calculated to determine the ability of the
business to service its debt in the long run.
a. Liquidity
b. Turnover
c. Solvency
d. Profitability
Q2:- The Quick Ratio of a company is 1 : 2. Which of the following transactions will result in an
increase in this ratio ?
a. Cash received from debtors
b. Sold goods on credit
c. Purchased goods on credit
d. Purchased goods on cash
Q3:- The Quick Ratio of a company is 1 : 1. Which of the following transactions will result in increase of
this ratio ?
a. Purchase of inventory ₹1,50,000 through cheque
b. Sold inventory on credit ₹ 50,000
c. Outstanding expenses of ₹ 40,000 paid
d. Machinery purchased for cash ₹50,000
Q4:- Ratios that are calculated for measuring the efficiency of operations of business based on
effective utilisation of resources are known as :
a. Liquidity ratios
b. Turnover ratios
c. Solvency ratios
d. Profitability ratio
Q5:- ________ will result in increase in Liquid Ratio without affecting the Current Ratio.
a. Sale of Stock at cost price
b. Sale of stock at loss
c. Sale of stock at profit
d. Sale of investments at cost
Q6:- As on 31.02.2024 the following information of Bartan Manfacturing ltd. is available.
Net profit ratio 40%
Operating profit ratio 50%
50% On 1st April 2024 it was came to notice that the accountant had omitted recording the interest received on
investment of Rs. 2,00,000 for the financial year 2023-24. The required rectification was done. What will be the effect
of the same on Net Profit and operating profit ratio?
a. Net Profit ratio will increase and Operating Profit ratio will decrease
b. Both Net Profit ratio and Operating Profit ratio will increase
c. Net Profit ratio will increase and Operating Profit ratio will have no change
d. Net Profit ratio will remain same and Operating Profit ratio will increase
Q7:- While computing cash from operating activities, which of the following item(s) will be added to the net profit?
(i) Decrease in value of inventory
(j) Increase in share capital
(k) Increase in the value of trade receivables
(l) Increase in the amount of outstanding expenses
a. Only (i)
b. Only (i) and (ii)
c. Only (i) and (iii)
d. Only (i) and (iv)
Section B
Q1:- Calculate Gross Profit Ratio from the following information Revenue from Operations ₹ 10,00,000; Purchases ₹
3,60,000; Carriage Inwards ₹ 50,000; Employee benefit Expenses ₹ 1,00,000 (including Wages of ₹ 60,000);
Opening Inventory ₹ 60,000 and Average Inventory ₹ 80,000
Q2:- From the given information, calculate :
i. Quick Ratio
ii. Inventory Turnover Ratio
Current Assets 4,00,000
Inventory 1,00,000
Current Liabilities 2,00,000
Net Profit Before Tax 7,20,000
Revenue from Operations 10,00,000
Gross Profit Ratio 20%

Q3:- Profit after tax amounted to ₹ 6,00,000, and tax rate was 20%. If earnings before interest and tax was ₹
10,00,000 and Nominal Value of Debentures amounted to ₹ 25,00,000 (assuming the only debt of the company),
determine the rate of interest on debentures.
Q4:- A firm had current assets of 1,60,000. It then paid a current liability of ₹ 40,000. After this payment, the current
ratio was 2 : Determine:
i. The size of Current Liabilities and Working Capital after the payment.
ii. Also, determine the size of these two items before the payment was made.
Q5:- X Ltd. has a Current ratio of 3·5 : 1 and Quick ratio of 2 : 1. If excess of Current Assets over Quick
Assets is represented by inventories of ₹ 16,000 and prepaid expenses of ₹ 8,000, calculate :
(a) Current Liabilities
(b) Current Assets
(c) Quick Assets

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