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VDO+ Tag:Question 112 Chapter 14 of Class 12 Part – 2 – 2024
Miscellaneous (Analytical Questions)
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Video Tag:112. (Liquid Ratio/GP Ratio/Debt Equity Ratio) From the following information calculate the following ratios (i) Liquid Ratio (ii) Gross Profit Ratio (iii) Debt Equity Ratio Information :
| ₹ | |
| Net Sales (Revenue from Operation) | 4,00,000 |
| Opening Inventory | 10,000 |
| Closing Inventory 3,000 Less than opening inventory | |
| Net purchases 80% of Net sales | |
| Direct Expenses | 20,000 |
| Current Assets | 1,00,000 |
| Prepaid Expenses | 3,000 |
| Current Liabilities | 60,000 |
| 9% Debentures | 4,00,000 |
| Long term Loans from bank | 1,50,000 |
| Equity Share capital | 8,00,000 |
| 8% Preference share capital | 3,00,000 |
The solution of Question 112 Chapter 14 of Class 12 Part – 2 – 2024: –
| (i) Liquid Ratio | = | Liquid Assets |
| Current Liabilities | ||
| = | ₹ 94,000 | |
| ₹ 60,000 | ||
| = | 1.57: 1 |
| (ii) Gross Profit Ratio | = | Gross Profit | X | 100 |
| Net Sales | ||||
| = | ₹ 57,000 | X | 100 | |
| ₹ 4,00,000 | ||||
| = | 14.25% |
| (iii) Debt Equity Ratio | = | Debt |
| Equity | ||
| = | ₹ 5,50,000 | |
| ₹ 11,00,000 | ||
| = | 0.5: 2 |
Working Notes :
| Liquid Assets | = | Current Assets – Closing Stock – Prepaid Expenses |
| = | ₹ 1,00,000 – ₹ 3,000 – ₹ 3,000 | |
| = | ₹ 94,000 | |
| Cost of goods Sold | = | Opening Stock + Purchases + Direct Expenses – Closing Stock* |
| = | ₹ 10,000 + ₹ 4,00,000 x 80% + ₹ 20,000 – ₹ 7,000 | |
| = | ₹ 3,43,000 | |
| Gross Profit | = | Sales – Cost of goods Sold |
| = | ₹ 4,00,000 – ₹ 3,43,000 | |
| = | ₹ 57,000 | |
| *Closing Stock | = | 3,000 Less than opening inventory |
| = | ₹ 10,000 – ₹ 3,000 | |
| = | ₹ 7,000 | |
| Debt | = | 9% Debentures + Long from Bank |
| = | ₹ 4,00,000 + ₹ 1,50,000 | |
| = | ₹ 5,50,000 | |
| Equity | = | Equity Share Capital + 8% Preference Capital |
| = | ₹ 8,00,000 + ₹ 3,00,000 | |
| = | ₹ 11,00,000 |
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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