Accounting Ratios Class XII
Authored by manoj kumar
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12th Grade - University
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two basic measures of liquidity are :
(A) Inventory turnover and Current ratio
(B) Current ratio and Quick ratio
(C) Gross Profit ratio and Operating ratio
(D) Current ratio and Average Collection period
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not operating expenses?
(A) Office Expenses
(B) Selling Expenses
(C) Bad Debts
(D) Loss by Fire
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue from Operations ₹6,00,000; Gross Profit 20%; Office Expenses ₹30,000; Selling Expenses? ₹48,000. Calculate operating ratio
(A) 80%
(B) 85%
(C) 96.33%
(D) 93%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Purchases ₹7,20,000; Office Expenses ₹30,000; Selling Expenses ₹90,000; Opening Inventory ₹1,40,000; Closing Inventory ₹80,000; Revenue from Operations ₹12,00,000. Calculate operating ratio
(A) 60%
(B) 75%
(C) 70%
(D) 65%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total Revenue from Operations ₹15,00,000; Cost of Revenue from Operations ₹9,00,000 and Operating Expenses ₹2,25,000. Calculate operating ratio :
(A) 75%
(B) 25%
(C) 60%
(D) 15%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost of Revenue from Operations =
(A) Revenue from Operations – Net Profit
(B) Revenue from Operations – Gross Profit
(C) Revenue from Operations – Closing Inventory
(D) Purchases – Closing Inventory
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue from operations is ₹1,80,000; Rate of Gross Profit is 25% on cost. What will be the Gross Profit?
(A) ₹45,000
(B) ₹36,000
(C) ₹40,000
(D) ₹60,000
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