Accounting Ratios: Class 12 Previous Year Questions

Accounting Ratios questions asked in CBSE board exams

Repeated questions first. Open the free app to see each question as it appeared in the paper, with its marking scheme.

1. Following is the Balance Sheet of Yorkshire Ltd. as at 31st March, 2023 Particulars 31.3.2023 I. EQUITY AND LIABILITIES: (1) Shareholders’ funds (a) Share capital (b) Reserves and surplus (2) Non- Current liabilities Long term Borrowings( 12% Debentures) (2) C…
   CBSE practice 2023-244 marksshort answerRepeated: 2022,2025,2026
2. l. Amita, Shivani and Tarush were partners in a firm sharing profits and losses in the ratio of 4:3:2. Tarush's share of profit at the end of the year amounted to 1,80,o00. Amita's share of profit at the end of the year was : (A) 2,70,000 (B) 3,60,000 (C) 1,80…
   Board 20261 markMCQRepeated: 2025,2026
3. The following information has been obtained from the books of Naval Ltd. Trade receivables turnover ratio of the company is 4 times, cost of revenue from operations 6,40,000 ; gross profit ratio 20%, closing trade receivables opening and closing trade receivab…
   Board 20264 marksshort answerRepeated: 2025,2026
4. Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9 : 8 : 7. If Radhika's share of profit at the end of the year amounted to R 5,40,000, Shubha's share of profit will be : (A) 5,40,000 (B) 4,80,000 (C) 60,000 (D) 4,20…
   Board 20251 markMCQRepeated: 2025,2026
5. the following information, 33. From Opening (a) calculate Trade Receivables and Closing Trade Receivables : Trade Receivables Turnover Ratio - 4 times Closing Trade Receivables were 20,000 more than that in the beginning. Cost of Revenue from operations - 6,40…
   Board 20254 marksshort answerRepeated: 2025,2026
6. (a) Dharam, Karam and Raman were partners in a firm sharing profits and losses in the ratio of 7 :8 : 5.On 31st March, 2025, Raman retired from the firm. Dharam and Karam decided to share profits in future in the ratio of 1l : 9. Their gaining ratio will be : …
   Board 20261 markMCQ
7. (a) From the following information, calculate : (i) Current ratio and (ii) Debt to capital employed ratio Information Total Assets 6,00,000 Non-Current Liabilities 1,40,000 Shareholders' Funds 4,20,000 Non-current Assets 5,20,000 OR (b) From the following info…
   Board 20264 marksshort answer
8. Vani, Vanya and Ajay were partners in a firm sharing profits and losses in the ratio of 5:3:2. Vani retired and her share was taken over by Vanya and Ajay in the ratio of 2:3. The new profit sharing ratio between Vanya and Ajay after Vani's retirement was : (A…
   Board 20261 markMCQ
9. (a) Dilshad, Ajit and Deepna were partners in a firm sharing profits and losses in the ratio of 2:2:1. Their fixed capitals were : 5,00,000, 4,00,000 and 1,00,000 respectively. After closing the accounts for the year ended 31st March 2025, it was discovered th…
   Board 20261 markMCQ
10. The quick ratio of Theta Ltd. is 0.8:1. Which of the following transactions will result in decrease in this ratio ? (A) Sold goods on credit 39,000. (B) Cashcollectedfromdebtors76,000. (C) Outstandingelectricitybillpaid4l,000. (D) Issue of shares 5,00,000.
    Board 20261 markMCQ
11. Which of the following transaction will affect the ·Gross Profit Ratio' of a company : (i) Revenue from operations 1,00,000 (i) Purchased goods worth 70,000. (ii) Goods costing 15,000 withdrawn for personal use. (iv) Goods costing 50,000 sold for 60,000. (A) (…
    Board 20261 markMCQ
12. (a) Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. With effect from 1st April, 2024, they decided to share profits and losses in the ratio of 2 : 3 : 4. For this purpose, the goodwill of the firm was value…
    Board 20251 markMCQ
13. Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5 : 4. Anuj withdrew 20,000 in the beginning of every alternate month starting from 1st April, 2023 during the year ended 31st March, 2024. Interest on Anuj's drawings @ 6% p.a.…
    Board 20251 markMCQ
14. (a) Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5 : 4 : 1. Amit retired on 3lst March, 2024. Vishesh and Manik acquired Amit's share in the ratio of 2 : 3. The new profit sharing ratio between Vishesh and Manik af…
    Board 20251 markMCQ
15. (a) Ishan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5 : 4 : 1.Jatin retired and his share was taken up by Ishan and Kapil in the ratio 1 : 1. The new profit-sharing ratio between Ishan and Kapil after Jatin's retiremen…
    Board 20251 markMCQ
16. The Quick Ratio of a company is 1 : 1. Which of the following transactions will resultinincrease inQuickRatio? (A)Cash received from debtors (B) Sold goods on credit (C)Purchased goods on credit (D) Purchased goods on cash
    Board 20251 markMCQ
17. (a) : n h e 27 15,00,000; 25%4 1 h e (b) 16,00,000 10% R 8,00,000 2,00,000 hhthh 5,00,000 21,00,000 3000001,00,000 34. (a) 31-3-2024 31-3-2023 () () 3,80,000 3,00,000 62,000 45,000 3faR aT : 50,00020,00010% 1 h (b) 31-3-2024 31-3-2023 (3) 12,00,000 8,00,000 11…
    Board 20254 marksshort answer
18. (a) The firm of Amish, Nitish and Misha, who have been sharing profits in the ratio of 2 : 2 : 1, have existed for some years. Misha wanted that she should get equal share in the profits with Amish and Nitish and she further wished that the change in the profi…
    Board 20253 marksshort answer
19. (H$) àVrH$, Mmé VWm {g[a_m EH$ Wo VWm 3 : 2 : 1 Ho$ bm^m| H$m {d^mOZ H$aVo Wo & 31 _mM©, 2023 H$mo àVrH$ \$_© go godm{Zd¥Îm hmo J`m & Mmé Am¡a {g[a_m Zo {ZU©` {b`m {H$ ZB© \$_© H$s n±yOr < 6,30,000 hmoJr & godm{Zd¥{Îm H$s {V{W H$mo Mmé Am¡a {g[a_m Ho$ n±yOr Im…
    Board 20243 marksshort answer
20. Page 12 of 39 16. (H$) A§Oy, {Xì`m VWm ~m°~r EH$ _| gmPoXma Wo VWm 3 : 2 : 1 Ho$ | bm^-hm{Z H$m {d^mOZ H$aVo Wo & ~m°~r godm{Zd¥Îm hmo J`m & ~m°~r H$s godm{Zd¥{Îm Ho$ ~mX A§Oy VWm {Xì`m H$m Z`m bm^-{d^mOZ AZwnmV 5 : 3 Wm & eof gmPoXmam| H$m A{Ybm^ AZwnmV hmoJm…
    Board 20241 markMCQ

Practise all 49 Accounting Ratios questions with answers →

Other Class 12 Accountancy chapters

Frequently asked questions