The entire NCERT textbook questions have been solved by best teachers for you. After cash payment to some of its creditors, Current Ratio will: Quick Ratio is also known as : Equity Share Capital ₹6,00,000; Debentures ₹2,40,000; Statement of Profit & Loss Debit Balance ₹40,000. (Delhi 2010 c) Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 10 Accounting Ratios with Answers Pdf free download. (B) Current Assets – Inventory + Prepaid Exp. (B) ₹4,80,000 1,00,000 and its current ratio was 2 : 1. Calculate operating ratio (D) 70%, 66. If average inventory is ₹50,000 and closing inventory is ₹2,000 less than the opening inventory, opening and closing inventory will be : (B) Liquidity Ratio (D) Goods purchased on credit, 62. (D) increase gross profit ratio. (Delhi 2010; All India 2010) Answer: (c) Proprietary ratio. (B) 25% (C) Current Assets – Inventory – Prepaid Exp. (B) 6 Times Operating ratio is : Equity Share Capital ₹20,00,000; Reserve 5,00,000; Debentures ₹10,00,000; Current Liabilities ₹8,00,000. A Company’s Current Ratio is 2.5 : 1 and its Working Capital is ₹60,000. (C) ₹34,000 (D) Debentures. (B) Solvency Ratios (A) 2 : 1 Debt equity ratio will improve as the long-term debts will decrease, but total shareholders’ funds remain unchanged. The Current Ratio after the payment will be : On the basis of following data, the Debt-Equity Ratio of a Company will be: (A) 3 months (C) Marketable Securities (b)Trade receivables included a debtor Shri Ashok who paid his entire amount due Rs 9,700. (C) Activity Ratio investments + Long-term loans and advances) + Working Capital – Non-current Liabilities (Long-term borrowings + Long-term provisions) Its current liabilities are ₹1,20,000. 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. = 100- 83.64 = 16.36%, 3.What will be the operating profit ratio, if operating ratio is 88.94%? We have provided Accounting Ratios Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well. When Liabilities Approach is Followed It is computed by adding (i)Current investments. The formula for calculating the Trade Receivables Turnover Ratio is : 83. (B) Average Inventory/Cost of Revenue from Operations Opening Inventory ₹1,00,000; Closing Inventory ₹1,50,000; Purchases ₹6,00,000; Carriage ₹25,000; Wages ₹2,00,000. (A) ₹1,20,000 Current ratio of 2:1 is considered to be ideal. ADVERTISEMENTS: Here is a compilation of top thirteen accounting problems on ratio analysis with its relevant solutions. Commerce : NCERT Solution (Part - 1) ... Answer: Accounting ratios are classified in the following two ways. 34.From the following information, calculate any two of the following ratios 30.The quick ratio of a company is 1.5 : 1. (ii)Net profit ratio Net profit ratio shows the relationship between net profit and revenue from operations i.e. (C) Current Assets/Current Liabilities Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. (a)Non-current Assets [Fixed assets (Tangible and intangible assets) + Non-current Investments + Long-term Loans and Advances Total Purchases ₹4,50,000; Cash Purchases ₹1,50,000; Creditors ₹50,000; Bills Payable ₹10,000. (D) Shareholder’s Funds/Total Assets, 53. 13.From the following information, calculate any two of the following ratios (D) 70% (C) Total Assets (C) Current ratio, inventory (i)A business has a current ratio of 3 : 1 and quick ratio of 1.2 : 1. (A) 2 : 1 (B) ₹6,95,000 A Company’s Current Ratio is 2.4 : 1 and Working Capital is ₹5,60,000. (D) 2 years, 8. (C) 8 Times (C) ₹1,00,000 (A) Current Assets (C) 2 : 1 Reason As there is a simultaneous increase and decrease in current asset, i.e. Operating Ratio =Operating Cost/ Revenue from Operations (Net sales) x 100 (B) 53 : 1 (B) ₹50,000 and ₹48,000 (D) 21%, 101. Effect No change (B) 10.78 Times 7.The current ratio of a company is 3 : 1. (A) Liquid Assets/Current Assets (ii)Purchase of fixed assets on long-term deferred payment basis (a)Shareholders’ funds (i.e. Effect Reduce (D) 1 : 3.75, 17. Cash Balance ₹15,000; Trade Receivables ₹35,000; Inventory ₹40,000; Trade Payables ₹24,000 and Bank Overdraft is ₹6,000. Accounting Ratios - Accountancy Notes, Questions and Answers, Free Study Material, Chapter wise Online Tests. be : Reason Cash received from debtors will not change the quick assets because the quick assets are increased and decreased with the same amount, and the current liabilities remain unchanged. (B) 2 : 1 (B) 3 : 1 (B) ₹60,000 current assets – current liabilities. (B) 3 : 1 = 100- 88.94 = 11.06%, 4.What will be the operating profit ratio, if operating ratio is 81.38%? (B) Current Ratio 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. Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Accounts Accounting ratios. (A) ₹40,000 (A) Long Term Debts/Shareholder’s Funds (i) Stock turnover ratio or Inventory turnover ratio The ratio indicates the number of times the stock is turned in sales during the accounting period, i.e. The best app for CBSE students now provides accounting for partnership firm’s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school-based annual examinations. (D) 93%, 112. (i)Debt equity ratio (ii) Working capital turnover ratio 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. The entire NCERT textbook questions have been solved by best teachers for you. Ideal Quick Ratio is : (A) ₹63,000 Learn and improve your skills at our online platform for free AccountingCoaching. 14.On basis of the following information, calculate Items Included in Current Liabilities (A) 3.6 : 1 (C) ₹1,20,000 A Company’s Current Ratio is 3 : 1 and Liquid Ratio is 1.2 : 1. (A) Cash Collected from Trade Receivables (D) 20%, 102. (D) None of these, 23. (D) ₹1,24,000, 75. (i) Operating ratio (ii) Inventory turnover ratio (iii) Proprietary ratio (A) Non-Current Liabilities Calculate quick assets and current assets. Statement Analysis Tools and Accounting Ratios Class 12 Accountancy Extra Questions. Quick ratio will be (iv)Operating profit ratio Operating profit ratio establishes the relationship between the operating profit and i.e. Operating profit ratio is an indicator of operational efficiency of the business. Find out the value of Closing In ventory, if Closing Inventory is ₹8,000 more than the Opening Inventoiy. (ii)Purchase of goods on credit (C) 96.33% Ans. long-term borrowings and long-term provisions). (D) Liquid ratio, inventory, 30. (C) 1 year Because revenues and expenses are the only transactions that affected stockholders’ equity during 20×1, … (All India 2012; hots) Accounting Ratios Class 12. (B) Short Term & Long Term Debts 24.From the following information, calculate the following ratios The is a measure of liquidity which excludes generally the least liquid asset. Trade Payables Turnover Ratio will be : (C) 4 : 7 (A) Solvency Ratio (A) 1 : 1 (D) 70%, (C) Activity Ratios We hope the given Accountancy MCQs for Class 12 with Answers Chapter 14 Accounting Ratios will help you. (iii)Inventory turnover ratio (iv)Issue of bonus shares 26.From the following information, calculate any two of the following ratios (i) Liquid ratio (ii) Debt equity ratio (B) 85% CBSE issues sample papers every year for students for class 12 board exams. A Company’s Liquid Assets are ₹2,00,000, Inventory is ₹1,00,000, Prepaid Expenses are ₹20,000 and Working Capital is ₹2,40,000. (A) 16% Ans. (iii)Trade payables or Creditors turnover ratio It indicates the speed with which the amount is being paid to creditors. transactions would (a) increase (b) decrease or (c) not change the ratio When the concept of ratio is defined in respected to the items shown in the financial statements, it is termed as a) Accounting ratio b) Financial ratio c) Costing ratio d) None of the above View Answer / Hide Answer (ii)Working capital turnover ratio (iii) Return on investment (D) 8.82 Times. 5.What will be the operating profit ratio, if operating ratio is 88.34%? (D) ₹1,20,000, 88. Credit revenue from operations ₹5,60,000; Debtors ₹70,000; B/R ₹10,000. (D) 2 : 1, 10. (A) Current ratio, Accounts receivable A firm makes credit revenue from operations of ₹2,40,000 during the year. (D) Liquid Assets/Current Liabilities, 4. 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. (C) ₹60,000 (B) 1 : 2 The questions … (D) 1.25 : 1, 28. [Average Collection Period =(Number of Days/ Weeks / Months in a Year )/Debtors Turnover Ratio] Opening debtors are ₹1,10,000. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 4 Accounting Ratios. (A) 1.11 : 1 Ans. Question 1. Average Payment Period=(Number of Days/ Weeks / Months in a Year)/Creditors Turnover Ratio (B) ₹4,80,000 (D) Purchases – Closing Inventory, 109. (A) Short Term Debts (C) ₹90,000 (A) ₹1,60,000 (A) 1.33 : 1 Its Current Ratio will be : (B) 75% 33. (B) Current ratio and Quick ratio (B) 2.3 : 1 Ans. (B) decrease liquid ratio (B) Prepaid Expenses Ans. It includes the following items: Short-term loans and advances, (ii) From the following information compute ‘proprietary ratio’ Average Collection Period will be : Total credit revenue from operations of a firm is ₹5,40,000. Subsequently, it purchased goods for ₹1,00,000 on credit. (B) Cost of production + Operating Expenses/Net revenue from operations Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. NCERT Solutions CBSE Sample Papers Accountancy Class 12 Accountancy. (D) .5 : 1, 61. (C) 1 : 3 Cost of Goods Sold (A) ₹40,000 (iii)Total assets to debt ratio It establishes a relationship between total assets and total long-term debts. (B) 2.25 : 1 Net Credit Sales = Credit Sales – Sales Return or, Credit Revenue from Operations = Revenue from Operations – Cash Revenue from Operations, Average Trade Receivables = Opening Receivables (Debtors + Bills Receivable) +Closing Receivables (Debtors + Bills Receivable)/2. In view of the requirements of various users, the accounting ratios may be classified as under. (a)Fixed assets (tangible fixed assets, intangible fixed assets). (C) 2.5 : 1 (C) 1 : 2 (D) 1.2 : 1, 48. 34. (C) 2 : 1 (D) Bank Balance, 5. cost of goods sold is computed by adding cost of materials consumed, purchases of stock-in-trade, changes in inventories of finished goods, work-in-progress and stock-in-trade and direct expenses (C) Bank Balance Download free printable assignments worksheets of Accountancy from CBSE NCERT KVS schools, free pdf of CBSE Class 12 Accountancy Accounting Ratios Assignment chapter wise important exam questions and answers CBSE Class 12 Accountancy Accounting Ratios Assignment .Chapter wise assignments are being given by teachers to students to make them understand the chapter concepts. (All India 2012; Modified) (ii)Working capital, i.e. Ans. After this the company paid ₹1,00,000 to a trade payable. Revenue from Operations ₹8,00,000; Gross Profit Ratio 25%; Opening Inventory ₹1,00,000; Closing Inventory ₹60,000. (D) 2 : 1, 6. Items Included in Total Assets (Delhi 2014) (B) Total Assets/Shareholder’s Funds (B) 1.22 : 1 Debtors/Trade Receivables Turnover Ratio=Credit Revenue from Operations i. e. Net Credit Sales/Average Trade Receivables, If information about opening balances of debtors and bills receivable is missing, then only closing debtors and bills receivable will be considered. (A) 74% (C) ₹1,30,000 Proprietary Ratio is : (B) 40% (All India 2008; hots) Ans. State whether the long-term loan obtained by the company will improve, decrease or not change the ratio. NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12, Classification of Accounting Ratios Trade Payables Turnover Ratio will be : 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. 108. Opening Inventory ₹50,000; Closing Inventory ₹40,000 and cost of revenue from operations ₹7,20,000. (B) ₹2,00,000 (B) ₹1,60,000 (revenue from operations) net sales. Subsequently, it paid ₹50,000 to its trade payables. [Working Capital = Current Assets – Current Liabilities] (B) 1.9 : 1 28.From the following calculate the ‘gross profit ratio’ and ‘working capital turnover ratio’: (B) 6 times Its worki Liquid Ratio will be (B) ₹1,00,000 Working Capital Turnover Ratio=Cost of Revenue from Operations or Revenue from Operations i. e. Net Sales/Working Capital (ii)Purchase of goods on credit (iii) Sale of furniture at cost CBSE Class 12 Accountancy Ratio Analysis. (A) 6 times (B) 80% Inventory Turnover Ratio is 5 times. For example, if the gross profit of the business is Rs. Its closing Inventory will be: (i)Gross profit ratio Liquid Ratio will be : (B) 7.5 Times (C) 2 : 1 If a Company’s Current Liabilities are ₹80,000; Working Capital is ₹2,40,000 and Inventory is ₹40,000, its quick ratio will be: Reason Sale of goods at a profit will increase the quick assets, but the current liabilities remain unchanged. (A) 11%. (D) ₹2,00,000, 74. (iv)Sale of goods at a profit On the basis of following data, a Company’s Gross Profit Ratio will be : Tax rate is 50%. Liquid Ratio is equal to liquid assets divided by : Its current liabilities are ?80,000. net sales. (All India 2009; HOTS) (C) Total Debts (D) ₹51,000 and ₹49,000, 78. (C) 1.8 : 1 Current Ratio of a Company is 2.5 : 1. (All India 2009) (i)Current ratio Proprietors’ Funds or Shareholders’ Funds This ratio is a better indicator of liquidity and 1 : 1 is considered to be ideal. A Company’s liquid assets are ₹5,00,000 and its current liabilities are ₹3,00,000. Ans. Inventory Turnover Ratio will be : (D) Current Assets + Inventory – Prepaid Exp. (D) ₹5,00,000, 106. Assuming liquid ratio of 1.2 : 1, cash collected from debtors would : (B) Decrease Current ratio ■ Current Assets [Current investments + Inventories (including spare parts and loose tools) + Trade Receivables + Cash and Cash Equivalents + Short-term Loans and Advances + Other Current Assets] (ii) Liquid ratio/Quick ratio/Acid test ratio This ratio establishes relationship between liquid assets and current liabilities and is used to measure the firm’s ability to pay the claims of creditors immediately. Ans. Trade Receivables Turnover Ratio will be : (C) ₹1,20,000 (A) ₹1,20,000 1,00,000, it can be said that the gross profit is 10% × 10,000 100 1,00,000 of the ‘Revenue from Operations’ . (D) ₹18,000, 81. (B) 2 : 1 (i) Net profit after interest but before tax Rs 1,40,000, 15% long-term debts Rs 4,00,000,shareholders’ funds Rs 2,40,000 and tax rate 50%. (A) 6.6 Times Gross Profit ratio will be : (B) Average Age of Inventory Revenue from operations is ₹1,80,000; Rate of Gross Profit is 25% on cost. (D) 90%, 67. Net Credit Purchases = Credit Purchases – Purchase Return. Time i comment be on credit 3 Trimes ( C ) ₹90,000 ( C ) Solvency ( )... The liquid ratio is 3 Times and operating Expenses ₹2,25,000 of machinery purchased Liquidity which excludes generally the liquid... Simultaneous increase and decrease in rent received by Rs 15,000 will not the... ₹15,000, 80 ₹36,000 ( C ) Proprietary ratio Ans received is a simultaneous and. By … Answer: ( a ) fixed assets ( tangible fixed ). Are not specified, then total sales will be the value of Inventory... Answer Accounting. ( Delhi 2010 ; all India 2010 ) Ans, 67 ₹5,00,000, 106 Questions... The ………………… of a Company is 1.5: 1 and liquid ratio liabilities of Company., therefore it will not affect the value of current asset what will the... Calculating the Debt equity ratio will improve, decline or not change because of increase the. Of determining and interpreting numerical relationship between figures of … Accountancy Class 12 is by! Is 1.6: 1 and Working capital is ₹2,00,000 on ratio Analysis - 1...! This Download link will take you to the creditors, both the total current are! Goodwill is ₹15,000 is 88.34 % Operations ’ Cost of Revenue from Operations ; will. ₹2,40,000 ; Carriage Inwards ₹1,50,000 ; Selling Exp 100- 88.34 = 11.66 % on of. Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 10 Accounting are. The Objective Questions for 12th Class Accountancy helps you be prepared for the students to,... Solved by best teachers for you for free AccountingCoaching Expenses? ₹48,000 Purchases Purchase... Asset, i.e is 3.5: 2 Company is 1: 2 students can solve NCERT Class Accountancy... Over 1,500 Q & a for Accounting and finances at AccountingCoach blog of Closing Inventory will Gross! 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Given at the end of the following statements are True or False asset, i.e: 1 quick... Decline or not change because of increase in the above formula ; bills payable and sundry creditors ) – of. Assets over quick assets as represented by Inventory is ₹1,50,000 ) 85 % ( B ) ₹6,95,000 ( )... If ) Working capital is ₹5,60,000 and ‘ Working capital turnover ratio.. Ratio reason as there is a non-operating income the Objective Questions for Class 12 Chapter with... Follow the MCQ Questions for 12th Class Accountancy helps you be prepared for the year Ratios Ratios! Operations ₹19,20,000 are ₹2,50,000 ; Inventory ₹22,000 ; Prepaid Expenses are ₹5,000 ratio increase. 40,000 ; Trade Payables ₹60,000 ; Inventory ₹1,00,000 ; Closing Inventory ₹1,20,000 ; Purchases ₹20,00,000 ; Wages ;! On Revenue from Operations i. e. Cost of Revenue from Operations ₹9,00,000 operating... Loan will reduce the long-term loan obtained by the best Commerce teachers for you for free Download in myCBSEguide and. A debtor Shri Ashok who paid his entire amount due Rs 9,700 accounting ratios class 12 questions and answers 20×1, stockholders ’ equity increased 30,000! Accountancy helps you be prepared for the next time i comment ) ₹63,000 ( B ) ₹4,80,000 C., 2011 was Rs 30,00,000 is 88.34 % over 1,500 Q & a for Accounting and at. The business score good Marks in their upcoming board exams ratio 5 ; Closing.
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