Required fields are marked *. (A) 3.5 : 1 (A) .4 ; 1 Ideal Current Ratio is : Meaning of Cash Flow Statement. (B) 9 times (A) Liquidity 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. (D) increase gross profit ratio. If its Inventory is ₹52,000, what will be the liquid Ratio? (C) 1.3 : 1 […] 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) 2 : 1 (B) Inventory (A) Sale of goods for cash Current Ratio will be : (A) 3.6 : 1 (D) ₹15,000, 80. (C) 3.25 : 1 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. (A) ₹40,000 (C) ₹48,000 and ₹46,000 These are the final accounts prepared at the end of the accounting period and include balance sheet and statement of profit and … For example, if the gross profit of the business is Rs. (B) ₹60,000 Answer. After cash payment to some of its creditors, Current Ratio will: (A) 7 times (D) ₹2,00,000, 74. Average Collection Period will be : 80,00,000 â 10,00,000 = Rs. The sample papers have been provided with marking scheme. (C) 45% 33. NCERT Solution For Class 12 Accountancy Chapter 5 – Accounting Ratios furnishes us with an all-inclusive data to all the concepts. Accounting Ratios Important Questions for CBSE Class 12 Accountancy Classification of Accounting Ratios. (D) None of these, 23. (C) 63 : 1 Assuming that the current ratio is 2 : 1, purchase of goods on credit would: (B) Quick Ratio Cash Balance ₹5,000; Trade Payables ₹40,000; Inventory ₹50,000; Trade Receivables ₹65,000 and Prepaid Expenses are ₹10,000. (D) Current ratio and Average Collection period, 2. The Current Ratio after the payment will be : On the basis of following information received from a firm, its Debt-Equity Ratio will be : (B) Selling Expenses (A) Debtors (D) ₹60,000. Profitability Ratio. (B) 2.5 : 1 (D) 8 Times, 79. A and B are sharing profits and losses equally. (D) 8.82 Times. (B) 60% These test papers with solution are prepared by our team of expert teachers who are teaching grade in … Its current liabilities are ?80,000. Calculate values of opening and closing inventory. (D) ₹1,24,000, 75. 7. (D) Contingent Liabilities, 15. Inventory is ₹30,000. 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) 5 Trimes When ratios are calculated on […] (A) Inventory turnover and Current ratio Opening Inventory ₹75,000; Closing Inventory ₹1,05,000; Inventory Turnover Ratio 6; Gross Profit 20% on cost; what will be Gross Profit? (C) 45 Days (A) 4% Accounting Ratios Class 12 MCQs Questions with Answers. (A) Current ratio, Accounts receivable 10,000 less than opening creditors. Its current ratio 2.5 and liquid Ratio is 0.85. (C) Total Assets Previous Year Papers. Download the PDF Question Papers Free for off line practice and view the Solutions online. (D) Bank Balance, 5. (C) 1.8 : 1 (B) .32 : 1 Activity Ratio. Average Collection Period will be : (B) Redemption of Debentures You can also DownloadÂ Accountancy Revision Notes Class 12Â to help you to revise complete Syllabus and score more marks in your examinations. (A) ₹6,90,000 Chapter 5 - Accounting Ratios; Chapter 6 - Cash Flow Statements; Why CBSE Class 12 Commerce Accountancy solutions are important? Patents and Copyrights fall under the category of: (B) 80% Accounting ratios are useful in analyzing the company’s performance and financial position. (C) 2.33 : 1 A film’s credit revenue from operations is ₹3,60,000, cash revenue from operations is ₹70,000, Cost of reverse from operations is ₹3,61,200, Its gross profit ratio will be : In view of the requirements of various users, the accounting ratios may be classified as under. Cost of Revenue from operation is Rs. CBSE Gujarat Board Haryana Board. 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) Debentures. (C) ₹1,28,000 If its working capital is ₹60,000, its current liabilities will be : Trade Payables Turnover Ratio will be : (D) 3 : 1, 57. 10,000 and the ‘Revenue from Operations’ are Rs. Debentures = 13,00,000 +1,00,000 +2,00,000 = 16,00,000. The Partnership Deed provides that interest on capital is to be allowed @ 10% p.a. (B) Short Term Debts/Equity Capital (D) ₹1,80,000. Cost of revenue from operations is ?6,00,000. (D) Debt/Equity Ratio, 51. 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. Give some examples of Liquidity Ratios, Solvency Ratios, Activity (Turnover) Ratios and Profitability Ratios. (A) ₹1,12,000 (D) All of the Above, 14. 1,00,000, it can be said that the gross profit is 10% × 10,000 100 1,00,000 of the ‘Revenue from Operations’ . 12th Class - CBSE - Accountancy - 345 Questions - 0 Concepts. (C) Total Debts (A) 42 : 1 (B) Current Liabilities (C) ₹1,00,000 All the solutions of Accountancy explained in detail by experts to help students prepare for their CBSE exams. (C) 8 Times (A) Issue of new shares for cash 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 : 1 1,50,000; Debtors ₹1,00,000; B/R ₹50,000. (A) ₹1,50,000 (C) 3 : 2 (C) 2.4 months (B) ₹1,20,000 (A) ₹6,00,000 Statement Analysis Tools and Accounting Ratios Class 12 Accountancy Extra Questions. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. X, Y and Z are partners in a firm sharing profits in 2 : 2 : 1 ratio. Trade Receivables Turnover Ratio 5; Calculate Closing Debtors, if closing debtors are two times in comparison to Opening Debtors. (D) Profitability Ratio, 3. Ratio It is an arithmetical expression of relationship between two related or interdependent items. 2,50,000 = Rs. (B) 2.25 : 1 (D) Credit purchase of Goods, 21. (A) 74% (A) increase liquid ratio (D) Operating Ratio, 52. Liquid Assets include : Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Accounting ratios are widely used for such comparisons. ... Current Liabilities: These are the liabilities that are repayable within 12 months from the date of Balance Sheet or within the period of operating cycle. Chapter 5 of Class 12 Accountancy extensively focuses on explaining the meaning of accounting Ratios, objective and advantages of ratio analysis, limitations of ratio analysis. Working Capital is the : Which of the following transactions will improve the Current Ratio : (B) 6 Times Accounting Ratios. Capital Employed = Shareholdersâ Funds + 12% Long term debts + 10%. Its liquid ratio will be : Current liabilities of a company were ₹2,00,000 and its current ratio was 2.5 : 1. (A) 2 : 1 1,00,000 and its current ratio was 2 : 1. 1.1 CBSE Class 12 analysis of financial statements; 1.2 CBSE Class 12 accountancy accounting for not for profit organizations; 1.3 CBSE Class 12 accountancy-accounting partnership firms fundamentals ; 1.4 CBSE Class 12 accountancy accounting partnership firms fundamentals Which of the following transactions will increase it: (C) ₹ 80,000 A company’s Current Ratio is 2 : 1. (C) 82% 6: From the following information calculate interest coverage ratio: 10,000 equity shares to Rs. Capital contributed by them is Rs. (A) ₹45,000 (C) Shareholder’s Funds/Total Assets (C) 1 : 3 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. 34. (D) ₹75,000, 91. Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. (A) Liquidity Ratios Question and Answer forum for K12 Students. Average collection period is 3 months. (A) Average Inventory/Revenue from Operations 75,000+9,000+5000+5000 = Rs. BNAT; Classes. of Employees Statement. Calculate operating ratio (C) 2.5 : 1 All the solutions of Accounting Ratios - Accountancy explained in detail by … From the following information calculate the working capital turnover ratio: Revenue from the operation for the year were RS. (A) 16% (C) Intangible Assets On the basis of following data, a Company’s closing debtors will be: Easy to print and read. State with reason which of the following transactions would (i) increase; (ii) decrease or (iii) not change the ratio: 1. (B) 6 months Current ratio will be Activity Ratio. (D) 2 : 1, 63. (A) 0.9 : 1 CBSE issues sample papers every year for students for class 12 board exams. Cost of Revenue from Operations = Working capital turnover ratio – Classification of Ratios – Question 12. Answer: (c) Total Assets. Class 12 students will also have 20 marks assigned for project work in Accountancy. (D) 2 : 1, 29. A Company’s Current Ratio is 2.8 : 1; Current Liabilities are ₹2,00,000; Inventory is ₹1,50,000 and Prepaid Expenses are ₹10,000. ... Accounting Ratios. (D) 12.5%, 104. Accounting Ratios It is a mathematical expression that shows the relationship between various items or groups of items shown in financial statements. 16,000. (D) 93%, 112. Class 12 students will also have 20 marks assigned for project work in Accountancy. (B) Liquid ratio, Accounts receivable Ratio analysis is the more popularly and widely used technique of financial statement analysis. (D) ₹5,00,000, 106. (B) 40% MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. 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. 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: Download books and chapters from book store. (D) 46 Days, 89. Credit revenue from operations ₹6,00,000; Cash revenue from operations ? Class 10 Class 12. (C) As before (D) Bills Receivable, 12. NCERT Book for Class 12 Accountancy-II Chapter 5 Accounting Ratios is available for reading or download on this page. (C) Total Assets/Long term Debts (D) Shareholder’s Funds/Total Assets, 53. (B) Cost of production + Operating Expenses/Net revenue from operations The is a measure of liquidity which excludes generally the least liquid asset. (D) ₹6,40,000, 47. (B) 2:1.8 It helps investors in relation to stock valuation. Current Assets ₹85,000; Inventory ₹22,000; Prepaid Expenses ₹3,000. (D) Debentures and Current Liabilities, 58. (C) ₹40,000 (B) Current Ratio 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. (A) ₹1,50,000 (B) 1.5 : 1 Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. 10,000 â 6,000 + 4,000 = 8,000 taking decisions on this basis students pursuing their Class 12 with PDF... ) ₹36,000 ( C ) ₹80,000 ( D ) 90 %, 67 a partner Payables ₹60,000 ; ₹40,000... ₹4,00,000 ( D ) ₹6,40,000, 47 is termed as Accounting Ratio have provided Accounting Ratios - -. 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