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CBSE CLASS XII

Accounting Ratio

Q. 88. The current ratio of a company is 2:1.State giving reasons which of the following would improve, reduce, or not change the ratio:

1. Repayment of a current liability.
2. Purchasing goods on cash.
3. Sale of office equipment for Rs.4,000 (Book Value Rs.5,000).
4. Sale of goods Rs.11,000 (Cost Rs.10,000).
5. Payment of dividend.

Q. 89. The current ratio of a company is 2.5:1. State giving reasons, which of the following would improve, reduce, or not change the ratio:

1. Repayment of long-term loans.
2. Goods purchased on credit of 3 month.
3. Purchase of computer for accounts section on credit card, allowed y the vendor 2 months;
4. Purchase of building by issuing debentures.
5. Sale of goods for Rs.20,000 on credit of 1 month (cost of goods sold R.15,000).
6. Cash collected from debtors. ]
7. Cash paid to creditors.
8. Payment of outstanding liabilities.
9. Sale of goods for cash Rs.20,000 (cost Rs.24,000).
10. Issue of shares for cash.
11. Bills receivable drawn on debtors for 2 months.
12. Bills receivable collected at maturity.

Q. 90 . The Balance Sheet as on 31st March,2008 of Black Ltd. is as follows:

Cash Flow Statement

Q.91. Identify the transactions as belonging to (i) Operating (ii) Investing (iii) Financial Activities, and (iv) Cash equivalents.

Paper By Mr. Rahul Kadd
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