Questions for Accountancy Practical Class 12
Now, there's no written exam for Accountancy Practical, but these questions are equally important even now.
| Questions for Accountancy Practical Class 12 | |||||||||||||||||
Ratio Analysis | |||||||||||||||||
| No. | Questions for Accountancy Practical Class 12 | M.M. | |||||||||||||||
| Q1. | The current ratio of a company is 2 : 1. What will be the effect of the following transactions on this ratio? (a) Purchased goods on credit ₹14,000. (b) Sale of a Machine (Book value: ₹ 4,000) for ₹3,000 only. (c) Sale of merchandise (goods) costing ₹ 10,000 for ₹11,000. | 3 | |||||||||||||||
| Q2. | Current liabilities of a company are ₹3,60,000, Current ratio is 2.5:1 and Quick ratio is 2:1. Find the value of Inventories. | 3 | |||||||||||||||
| Q3. | Current ratio is 4:1, Quick ratio 3:1, Inventory ₹ 36,000. What will be the effect of increase in inventory to ₹56,000 on the liquidity of the company. | 6 | |||||||||||||||
| Q4. | Current assets of a company are ₹5,00,000. Current ratio is 2.5:1 and Liquid ratio is 1:1. Calculate the value of Liquid assets and Inventories. | 3 | |||||||||||||||
| Q5. | Current Ratio is 3.5 : 1. Working Capital is ₹90,000. What will be the amount of Working Capital if Current assets are increased by ₹20,000. | 3 | |||||||||||||||
| Q6. | Sucheta Ltd. has a Current ratio 4.5 : 1 and Quick ratio 3 : 1; if the inventory is ₹36,000, calculate its Working Capital. | 3 | |||||||||||||||
| Q7. | Current Liabilities of a company are ₹75,000. If Current ratio is 3:1 and Liquid Ratio is 1 : 1, calculate Working Capital and Inventory. | 3 | |||||||||||||||
| Q8. | Harman Ltd. has Inventory of ₹ 20,000. Liquid assets are ₹ 1,20,000 and Quick ratio is 2 : 1. Calculate Current ratio and Working Capital. | 3 | |||||||||||||||
| Q9. | What will be the effect of 'The payment of Dividend ₹40,000' on the Debt-Equity ratio of a company having: Total Assets ₹15,00,000, Current Liabilities ₹6,00,000, Total Debts ₹12,00,000. | 3 | |||||||||||||||
| Q10. | What will be the effect of 'Payment of Dividend ₹ 30,000' on the Current Ratio of a company having: Inventory ₹ 6,00,000; Liquid Assets ₹24,00,000; Quick Ratio 2 : 1. | 3 | |||||||||||||||
| Q11. | Compute Inventory Turnover Ratio from the following information: Net Revenue from Operations ₹ 2,00,000, Gross Profit ₹ 50,000, Inventory at the end ₹60,000, Excess of Inventory at the end over Inventory in the beginning ₹ 20,000. | 3 | |||||||||||||||
| Q12. | Calculate (a) Liquid ratio (b) Operating Ratio (c) Gross profit ratio, from the following information: Current Assets ₹ 35,000, Current Liabilities ₹17,500, Inventory ₹ 15,000, Operating Expenses ₹ 20,000, Revenue from Operations ₹ 60,000, Cost of Revenue from operation ₹ 30,000. | 3 | |||||||||||||||
| Q13. | Questions for Accountancy Practical Class 12 From the following information calculate: (a) Gross Profit Ratio (b) Inventory Turnover Ratio (3) Current Ratio (4) Liquid Ratio (5) Net Profit Ratio (6) Working Capital Ratio: Revenue from Operations ₹ 25,20,000, Net Profit ₹ 3,60,000, Cost of Revenue from Operations ₹19,20,000, Long-term Debts ₹ 9,00,000, Trade Payables ₹2,00,000, Average Inventory ₹ 8,00,000, Current Assets ₹ 7,60,000, Fixed Assets ₹ 14,40,000, Current Liabilities ₹ 6,00,000, Net Profit before Interest and Tax ₹ 8,00,000. | 6 | |||||||||||||||
| Q14. | Compute Gross Profit Ratio, Working Capital Turnover Ratio and Debt Equity Ratio from the following information: Paid-up Share Capital ₹5,00,000, Current Assets ₹4,00,000, Revenue from Operations ₹10,00,000, 11% Debentures ₹ 2,00,000, Current Liabilities ₹ 2,80,000 ,Cost of Revenue from Operations ₹6,00,000. | 6 | |||||||||||||||
| Q15. | Calculate Inventory Turnover Ratio if: Inventory in the beginning ₹ 76,250, Inventory at the end ₹ 98,500, Gross Revenue from Operations ₹ 5,20,000, Sales Return ₹ 20,000, Purchases ₹ 3,22,250. | 3 | |||||||||||||||
| Q16. | Calculate Inventory Turnover Ratio from the data given below: Inventory in the beginning of the year ₹ 10,000, Inventory at the end of the year ₹ 5,000, Carriage ₹ 2,500, Revenue from Operations ₹ 50,000, Purchases ₹ 25,000 | 3 | |||||||||||||||
| Q17. | The Debt Equity ratio of X Ltd. is 2 : 1. Which of the following would increase/decrease or not change the debt equity ratio? (a) Issue of Preference shares, ₹40,000. (b) Cheque received from debtors, ₹50,000. (c) Purchase of Goods on cash basis, ₹20,000. | 3 | |||||||||||||||
| Q18. | From the following details, calculate interest coverage ratio: Net Profit after tax ₹ 60,000; 15% Long-term debt ₹10,00,000; and Tax rate 40%. What would be the effect of increase in Tax Rate by 10%, on this ratio? | 3 | |||||||||||||||
| Q19. | From the following information, calculate Inventory Turnover ratio: Inventory in the beginning ₹18,000, Inventory at the end ₹22,000, Net purchases ₹50,000, Wages ₹ 14,000, Revenue from operations ₹ 80,000. | 3 | |||||||||||||||
| Q20. | From the following information, calculate inventory turnover ratio: Revenue from operations ₹4,00,000, Average Inventory ₹55,000, Gross Profit Ratio is 10%. | 3 | |||||||||||||||
| Q21. | A trader carries an average inventory of ₹ 40,000. His inventory turnover ratio is 8 times, If he sells goods at a profit of 20% on Revenue from operations, find out the Gross profit. | 3 | |||||||||||||||
| Q22. | Calculate the amount of Gross profit: Average inventory ₹80,000, Inventory turnover ratio is 6 times, selling price is 25% above cost. | 3 | |||||||||||||||
| Q23. | Calculate Inventory Turnover Ratio: Annual Revenue from operations ₹2,00,000, Gross Profit is 20% on Cost of revenue from operations, Inventory in the beginning ₹ 38,500, Inventory at the end ₹ 41,500. | 3 | |||||||||||||||
| Q24. | Calculate the Trade receivables turnover ratio from the following information: Total Revenue from operations ₹ 4,00,000, Cash Revenue from operations 20% of Total Revenue from operations, Trade receivables as at 1.4.2020 ₹ 40,000, Trade receivables as at 31.3.2024, 3 times the Opening Trade receivables. | 3 | |||||||||||||||
| Q25. | Calculate the Trade payables turnover ratio from the following figures: Credit purchases during 2023-24 ₹12,00,000, Creditors on 1.4.2023 ₹3,00,000, Bills Payables on 1.4.2023 ₹ 1,00,000, Creditors on 31.3.2024 ₹1,30,000, Bills Payables on 31.3.2024 ₹ 70,000. | 3 | |||||||||||||||
| Q26. | From the following information, calculate – (a) Trade receivables turnover ratio, (b) Average collection period (c) Trade Payable turnover ratio, Information given: Revenue from Operations ₹8,75,000, Creditors ₹90,000, Bills receivable ₹48,000, Bills payable ₹52,000, Purchases ₹4,20,000, Trade debtors ₹59,000. | 3 | |||||||||||||||
| Q27. | Calculate Gross profit ratio from the following information for the year 2023-24, Revenue from Operations: Cash ₹25,000, Credit ₹75,000, Purchases: Cash ₹15,000, Credit ₹60,000, Carriage Inwards ₹2,000, Salaries ₹25,000, Decrease in Inventory ₹10,000, Return Outwards ₹2,000, Wages ₹5,000. | 3 | |||||||||||||||
| Q28. | Questions for Accountancy Practical Class 12 Given the following information: Revenue from Operations ₹3,40,000, Cost of Revenue from Operations ₹1,20,000, Selling Expenses ₹80,000, Administrative Expenses ₹40,000 Calculate Gross profit ratio and Operating ratio. | 3 | |||||||||||||||
| Q29. | Gross profit ratio of a company was 25%. Its Credit revenue from operations was ₹20,00,000 and its Cash revenue from operations was 10% of the Total revenue from operations. If the Indirect expenses of the company were ₹50,000, calculate its Net profit ratio. | 3 | |||||||||||||||
| Q30. | Following information is given by a company from its books of accounts as on March 31, 2024: Inventory ₹1,00,000, Total Current Assets ₹1,60,000, Shareholders’ funds ₹4,00,000, 13% Debentures ₹3,00,000, Current liabilities ₹1,00,000, Net Profit Before Tax ₹3,51,000, Cost of revenue from operations ₹5,00,000 Calculate: (a) Current Ratio, (b) Inventory Turnover Ratio, (c) Debt Equity Ratio. | 3 | |||||||||||||||
| Q31. | The Current ratio is 2.5 : 1. Current assets are ₹ 50,000 and Current liabilities are ₹ 20,000. How much must be the decline in Current assets to bring the ratio to 2 : 1? | 3 | |||||||||||||||
| Q1. | Questions for Accountancy Practical Class 12 Cash Flow Statement Cheten Ltd., made a Profit of ₹ 1,00,000 after charging Depreciation of ₹ 20,000 on assets and a Transfer to general reserve of ₹ 30,000, the Goodwill amortised was ₹ 7,000 and Gain on sale of machinery was ₹ 3,000, Trade receivables showed an increase of ₹ 3,000; Trade payables an increase of ₹ 6,000; Prepaid expenses an increase of ₹ 2000; and Outstanding expenses a decrease of ₹ 2,000. Ascertain Cash flow from operating activities. | 3 | |||||||||||||||
| Q2. | Mugdha Ltd. has given you the following information: Machinery as on April 01, 2023, ₹ 80,000, Machinery as on March 31, 2024, ₹ 65,000, Accumulated Depreciation on April 01, 2023, ₹ 13,000, Accumulated Depreciation on March 31, 2024, ₹ 23,000. During the year, Machine costing ₹ 25,000 in respect of which Depreciation of ₹ 5,000 had been written off, was sold for ₹ 13,000. Calculate cash flow from Investing Activities on the basis of the above information. | 3 | |||||||||||||||
| Q3. | From the following information, calculate cash flows from financing activities:
During the year, the company repaid a loan of ₹ 1,00,000. | 3 | |||||||||||||||
| Q4. | From the following particular, calculate cash flows from investing activities:
Interest received on debentures held as investment ₹ 50,000. Dividend received on shares held as investment ₹ 15,000. A plot of land had been purchased for investment purposes and was let out for commercial use and rent received ₹20,000. | 3 | |||||||||||||||
| Q5. | From the following Information, calculate cash flows from investing and financing activities:
During the year, machine costing ₹ 2,00,000 was sold at a profit of ₹ 1,50,000, Depreciation charged on machine during the year amounted to ₹ 2,50,000. | 3 | |||||||||||||||
| Q6. | Angad Ltd., arrived at a net income of ₹ 5,00,000 for the year ended March 31, 2024. Depreciation for the year was ₹ 2,00,000. There was a profit of ₹ 50,000 on assets sold which was transferred to Statement of Profit and Loss account. Trade Receivables increased during the year ₹ 40,000 and Trade Payables also increased by ₹ 60,000. Compute the Cash flow from Operating activities by the indirect approach. | 3 | |||||||||||||||
| Q7. | For each of the following transactions, calculate the resulting cash flow and state the nature of cash flow, viz., operating, investing and financing. (a) Acquired machinery for ₹ 2,50,000 paying 20% by cheque and executing a bond for the balance payable. (b) Paid ₹ 2,50,000 to acquire shares in InfoTech. Ltd. and received a dividend of ₹ 50,000 after acquisition. (c) Sold machinery of original cost ₹ 2,00,000 with an accumulated depreciation of ₹ 1,60,000 for ₹ 60,000. | 3 | |||||||||||||||
| Q8. | Compute net cash from operations for the year ended March 31, 2024, if Statement of Profit and Loss of a company for the year ended March 31, 2024, disclosed Profit before tax ₹1,50,000 and following Additional information is provided to you: (a) Trade receivables decrease by ₹ 30,000 during the year. (b) Prepaid expenses increase by ₹ 5,000 during the year. (c) Trade payables increase by ₹ 15,000 during the year. (d) Outstanding expenses payable increased by ₹ 3,000 during the year. (e) Other expenses included depreciation of ₹ 25,000. | 3 | |||||||||||||||
| Q9. | Compute cash from operations from the following figures: (a) Profit for the year 2023-24 is, ₹10,000 after providing for depreciation of ₹ 2,000. (b) The current assets and current liabilities of the business for the year ended March 31, 2024 and 2023 are as follows:
| 3 | |||||||||||||||
| Q10. | From the following Information, calculate cash flows from financing activities:
| 2 | |||||||||||||||
| Q11. | From the following Information, calculate cash flows from financing activities:
During the year ended 31st March,2024, an Interim dividend was paid ₹25,000. | 3 | |||||||||||||||
| Q12. | From the following Information, calculate cash flows from financing activities:
Additional Information: (a)Debentures were issued on 31.10.2023 (b)During the year ended 31st March,2024, an Interim dividend was paid ₹25,000. | 3 | |||||||||||||||
| Q13. | From the following Information, calculate Cash flows from financing activities:
During the year ended 31st March,2024, an Interim dividend was paid 25,000. | 3 | |||||||||||||||
| Q14. | From the following Information, calculate cash flows from financing activities:
During the year ended 31st March,2024, Dividend was paid ₹35,000. | 3
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| Q1Questions for Accountancy Practical Class 12 | Questions for Accountancy Practical Class 12 Segment Reporting The Second Quarter Report of a company gives following information about Segment Performance:
Using Ratio Analysis, comment on the following:(a) Which is the best segment? (b) If the company has to discontinue one segment, which segment should be discontinued? | 4 | |||||||||||||||
| Q2 | The Third Quarter Report of a Company gives following information about Segment Performance:
From the above data, find out which is the best segment, and which segment should be discontinued if the company has to discontinue one segment. | 4 | |||||||||||||||
| Q3 | The Quarterly Report of a company gives the following information about its Sales Revenue and Net Profit for the second quarter of the current year and the second quarter of the previous year:
Which quarter is performing better? Has the performance improved? Comment using ratios as tools of your analysis. | 3 | |||||||||||||||
| Q4 | From the following particulars regarding Segment A and Segment B of a Company, You are required to comment on their efficiency in collection from debtors?
| 3 | |||||||||||||||
| Q5 | The Third Quarter report of a company gives following information about the performance of different segments:
Find out which product should be discontinued. | 5 | |||||||||||||||
| Q6 | The fourth quarter report of a company gives following information about the performance of different segments:
Find out which segment is the best. | 5 | |||||||||||||||
| Q7 | Given the following information relating to two segments X and Y of a company, comment on the profitability of the two segments. Which segment is performing better?
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