Questions for Class 12 Accountancy Practical

                                          Ratio Analysis

(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.

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.

(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.

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.

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.

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

(a) Issue of Preference shares, ₹40,000.

(b) Cheque received from debtors, ₹50,000.

(c) Purchase of Goods on cash basis, ₹20,000.

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?

Inventory in the beginning ₹18,000, Inventory at the end ₹22,000, Net purchases ₹50,000, Wages ₹ 14,000, Revenue from operations ₹ 80,000.

Revenue from operations ₹4,00,000, Average Inventory ₹55,000, Gross Profit Ratio is 10%.

Credit purchases during 2020-21 ₹12,00,000, Creditors on 1.4.2020 ₹3,00,000, Bills Payables on 1.4.2020 ₹ 1,00,000, Creditors on 31.3.2021 ₹1,30,000, Bills Payables on 31.3.2021 ₹ 70,000.

(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.

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.

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.

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.

Machinery as on April 01, 2020, ₹ 80,000

Machinery as on March 31, 2021, ₹ 65,000

Accumulated Depreciation on April 01, 2020, ₹ 13,000

Accumulated Depreciation on March 31, 2021, ₹ 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.

From the following information, calculate cash flows from financing activities:

During the year, the company repaid a loan of ₹ 1,00,000.

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.

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.

(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.

(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.

(a) Profit for the year 2020-21 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, 2020 and 2019 are as follows:

During the year ended 31st March,2021,an Interim dividend was paid ₹25,000.

Additional Information:

(a)Debentures were issued on 31.10.2020

(b)During the year ended 31st March,2021,an Interim dividend was paid ₹25,000.

During the year ended 31st March,2021,an Interim dividend was paid 25,000.

During the year ended 31st March,2021, Dividend was paid ₹35,000.

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?

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.

Which quarter is performing better? Has the performance improved? Comment using ratios as tools of your analysis.

Find out which product should be discontinued.

Find out which segment is the best .