Important Questions of Class 12 Accountancy Accounting Ratios
Question 1:
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
Answer
(B) Sold inventory on credit ₹50,000
Important Questions of Class 12 Accountancy Accounting Ratios
Question 2:
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 ratios
Answer
(B) Turnover ratios
Important Questions of Class 12 Accountancy Accounting Ratios
Question 3:
From the following information, calculate Inventory Turnover Ratio:
| Particulars | Amount (₹) |
|---|---|
| Revenue from Operations | 80,00,000 |
| Gross Profit Ratio 25% | – |
| Opening Inventory | 10,00,000 |
Closing Inventory is 2 times more than the Opening Inventory.
Important Questions of Class 12 Accountancy Accounting Ratios
Question 4:
From the following information, calculate:
(a) Trade Receivables Turnover Ratio
(b) Operating Profit Ratio
| Particulars | Amount (₹) |
|---|---|
| Credit Revenue from Operations | 55,00,000 |
| Cash Revenue from Operations | 15,00,000 |
| Debtors | 12,50,000 |
| Bills Receivable | 7,50,000 |
| Operating Expenses | 7,00,000 |
| Gross Profit Ratio | 20% |
Important Questions of Class 12 Accountancy Accounting Ratios
