NCERT MOST IMPORTANT QUESTIONS CLASS – 12 | PHYSICS IMPORTANT QUESTIONS | CHAPTER – 5 | ACCOUNTING RATIOS | EDUGROWN |

In This Post we are  providing Chapter- 5 ACCOUNTING RATIOS NCERT MOST IMPORTANT QUESTIONS for Class 12PHYSICS which will be beneficial for students. These solutions are updated according to 2021-22 syllabus. These MCQS  can be really helpful in the preparation of Board exams and will provide you with a brief knowledge of the chapter

NCERT MOST IMPORTANT QUESTIONS ON ACCOUNTING RATIOS

1.OM Ltd has a current ratio of 3.5 : 1 and quick ratio of 2 : 1. If the excess of current assets over quick assets as represented by inventory is Rs 1,50,000, calculate current assets and current liabilities. (Delhi2012)
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2.X Ltd has a current ratio of 3 : 1 and quick ratio of 2 :1. If the excess of current assets over quick assets as represented by inventory is Rs 40,000, calculate current assets and current liabilities. (All India 2012)
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3.From the following information, calculate any two of the following ratios
(i)Debt-equity ratio
(ii)Working capital turnover ratio (iii) Return on investment
Information Equity share capital Rs 10,00,000, general reserve Rs 1,00,000, balance of statement of profit and loss after interest and tax Rs 3,00,000, 12% debentures Rs 4,00,000, creditors Rs 3,00,000, land and buildings Rs 13,00,000, furniture Rs 3,00,000, debtors 12,90,000, cash Rs 1,10,000.Revenue from operations i.e. sales for the year ended 31st March, 2011 was Rs 30,00,000. Tax rate is 50%. (All India 2012; Modified)
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4.From the following information, calculate the following ratios
(i)Liquid ratio
(ii)Proprietary ratio

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5.From the following information, calculate any two of the following ratios
(i) Operating ratio      (ii) Inventory turnover ratio (iii) Proprietary ratio

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6.From the following information, calculate any two of the following ratios (i) Liquid ratio (ii) Debt equity ratio

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7.From the following information, calculate any two of the following ratios (i) Net profit ratio (ii) Debt equity ratio

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8.From the following calculate the ‘gross profit ratio’ and ‘working capital turnover ratio’:

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9.(i)From the following information, compute ‘debt equity ratio’

(ii) The current ratio of X Ltd is 2 : 1. State with reason which of the following transaction would increase, decrease or not change the ratio 
(a)Included in the trade payables was a bills payable of Rs 9,000 which was met on maturity.
(b)Company issued 1,00,000 equity shares of Rs 10 each to the vendors of machinery purchased. (Delhi 2014)
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10.The quick ratio of a company is 1.5 : 1. State with reason which of the following
transactions would (a) increase (b) decrease or (c) not change the ratio
(a)Paid rent Rs 3,000 in advance.
(b)Trade receivables included a debtor Shri Ashok who paid his entire amount due Rs 9,700.
(ii) From the following information compute ‘proprietary ratio’

Ans. (i) (a) Not change the ratio
Reason As there is a simultaneous increase and decrease in current asset, i.e. prepaid expenses and cash, therefore it will not affect the value of current asset.
(b) Not change the ratio
Reason As there is a simultaneous increase and decrease it will not affect the value of current asset.