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VDO+ Tag:Question 103 Chapter 14 of Class 12 Part – 2 – 2024
Miscellaneous (Analytical Questions)
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Video Tag:103. (Current Ratio/Acid Test Ratio/Operating Ratio/GP Ratio) Calculate the following ratios, from the details given below :
(i) Current ratio ; (ii) Acid-test ratio ;
(iii) Operating ratio; and (iv) Gross profit ratio.
Details
| ₹ | |
| Current assets | 70,000 |
| Current liabilities | 35,000 |
| Inventory | 30,000 |
| Sales (Revenue from Operation) | 1,20,000 |
| Operating expenses | 40,000 |
| Cost of goods sold | 60,000 |
The solution of Question 103 Chapter 14 of Class 12 Part – 2 – 2024: –
| (i) Current Ratio | = | Current Assets |
| Current Liabilities | ||
| = | ||
| = | ₹ 70,000 | |
| ₹ 35,000 | ||
| = | 2 : 1 |
| (ii) Acid test Ratio | = | Quick Assets |
| Current Liabilities | ||
| = | ||
| = | ₹ 40,000 | |
| ₹ 35,000 | ||
| = | 1.14 : 1 |
| (iii) Operating Ratio | = | Operating Cost | X | 100 |
| Net Sales | ||||
| = | ||||
| = | ₹ 1,00,000 | X | 100 | |
| ₹ 1,20,000 | ||||
| = | 83.33% |
| (iv) Gross Profit Ratio | = | Gross Profit | X | 100 |
| Net Sales | ||||
| = | ||||
| = | ₹ 60,000 | X | 100 | |
| ₹ 1,20,000 | ||||
| = | 50% |
Working Notes
| Quick Assets | = | Current Assets – Inventory |
| = | ₹ 70,000 – ₹ 30,000 | |
| = | ₹ 40,000 | |
| Operating Cost | = | Cost of goods sold + Operating Expenses |
| = | ₹ 60,000 + ₹ 40,000 | |
| = | ₹ 1,00,000 | |
| Gross Profit | = | Sales – Cost of goods sold |
| = | ₹ 1,20,000 – ₹ 60,000 | |
| = | ₹ 60,000 |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication