ACCOUNTANCY - XII Solutions CLASS XII for CBSE & ISC - XII - RATIO -1 PRACTISE PAPER 2025 BOARD

RATIO  - CLASS XII

1.  1   In any given year, the inventory turnover ratio the company is 5 times. The cost of revenue from operations is₹ 2,00,000. Calculate opening and closing          inventories when closing inventories are ₹ 10,000 more than opening inventories.

 2.    What will be the current ratio of a company whose net working capital is zero?

3.    Purchase of goods worth Rs  35000 for cash will increase the operating ratio is the statement correct give reasons.

4.    The quick ratio of a company is 1.5 : 1. State with reason which of the following transactions would increase, decrease or not change the ratio.

      (a) Paid rent 3,000 in advance.

     (b) Trade receivables included a debtor Shri Ashok who paid his entire amount due ₹ 9,700.

5.  The current ratio of a company is 2.5 : 1.5. State with reasons which of the following transactions will increase, decrease or not change the ratio

      (i) Discounted a bills receivable of₹10,000 from bank. Bank charged discount of 200.

     (ii) A bill receivable₹8,000 discounted with bank was dishonoured.

     (iii) Cash deposited into bank₹7,000.

     (iv) Paid cash₹ 5,000 to the creditors.

i)              Current for the year 2020 will be …..

a)    2:1              b)         1.8.:1                c)         2.32:1               d)         2.4:1

ii)             Quick ratio for the year 2018 will be …..

a)    1.75::1       b)         1.8:1                c)         0.94:1              d)         1.25:1

iii)           Inventory Turnover ratio for the year 2020 will be ….

a)    1.62 times b)         1.82 times       c)         1.55 times       d)         1.92 times

iv)           Cost of revenue from Operation for the year 2020 would be ….

a)    Rs 21,12,000           b)         Rs. 21,13,000    c)         21.15,000 &   d) 21,17,000

6     6              From the Following information “ Debt Equity Ratio  “.

777.         Current Ratio of X Ltd is 2:1. State with reason which of the following transaction would increase , decrease or not change the ratio :

i)          Included in the trade payables was as bills payable of Rs 9,000 which was met on maturity           

ii)         Company issued 1,00,000 equity share of Rs 10 each to the vendors of machinery purchase.8.       

8.   From the following information Calculate Gross Profit Ratio  :-

 Revenue from Operation

                        Cash                                        Rs  2,00,000

                        Credit                                      Rs  8,00,000

            Purchase

                        Cash                                        Rs 40,000

                        Credit                                      RS  3,60,000

            Carriage Inward                                              RS  8,000

            Salaries                                                           Rs  42,000

            Decrease in Inventory                        RS 1,22,000

            Return Outward                                  Rs  20,000

            Wages                                                 Rs  20,000 

9.       Quick ratio of the company is 1:1. State, will reason whether the following transaction will increase , decrease or not change the ratio :

            i)          Paid Insurance premium is Advance Rs 10,000

            ii)         Purchased goods on Credit Rs 8000

            iii)         Issued Fully paid Equity Share RS 1,00,000

i)              Issued 9% Debenture of Rs 5,00,000 to the vender for machinery purchased.

ACCOUNTANCY - XII Class CLASS XII Pdf