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# CBSE Set Q1 Accounts Sample Test Papers For Class 12th for students online

Latest for students online. All these are just samples for prepration for exams only. These are not actual papers.

Accounts Class - XII (CBSE)
You are on Set no 1 Qno. 10 to 17

Q10) What is meant by 'Analysis of Financial Statements'? Give its advantages. (Marks 6)

Q11) State the significance and method of calculation of any two of the following :
(i) Current ratio              (ii) Operating ratio
(iii) Return on investment. (Marks 6)

Q12) From the following details, calculate (i) Opening stock, (ii) Closing stock:
Stock turnover ratio 6 times.
Gross profit 20% on sales.
Sales Rs. 1,80,000.
Closing Stock is Rs. 15,000 in excess of opening stock. (Marks 3)

Q13) On the basis of following information, calculate
(i) Gross profit ratio, (ii) Working capital turnover ratio, (iii) Debt equity ratio. (Marks 6)

 Net sales Cost of goods Sold Current assets Current Liabilities Paid-up share Capital Debentures Loan Rs. 30,00,000 20,00,000 6,00,000 2,00,000 5,00,000 2,50,000 1,25,000

Q14) From the following Balance Sheet of Avinash Ltd., you are required to prepare.
(i) A statement of changes in working capital and (ii) Funds flow statemen
t.

BALANCE SHEET

 31.12.1994 Rs. 3.12.1995 Rs. ASSETS Fixed Assets Less: Accumulated Depreciation Investments Stock Debtors Cash LIABILITIES Equity Share Capital General Reserve Bank Loan Creditors Bank Overdraft Proposed Dividend 4,00,000    80,000 3,20,000    80,000 2,00,000 2,10,000    30,000 8,40,000 3,00,000   85,000 1,00,000 3,10,000 ----   45,000 8,40,000 5,50,000 1,35,000 4,15,000 1,10,000 2,25,000 1,80,000    10,000 9,40,000 4,00,000 1,10,000    75,000 2,90,000     5,000    60,000 9,40,000

A piece of machinery costing Rs. 50,000 was sold for Rs. 30,000, accumulated depreciation thereon being Rs. 10,000. (Marks 13)

Q15) Calculate 'Cash from Operations' from the following profit and loss Account.

Profit and Loss Account for the year ending on 31st March, 1995

 Particulars Rs. Particulars Rs. Salaries Rent Provision for Bad Debts Depreciation Loss on Sale of Land Goodwill written off Proposed dividend Provision for Taxation Net Profit 18,000 10,000   2,000   4,000   3,000   5,000   7,000   4,000 25,000 78,000 Gross Profit Profit on Sale of Plant Income Tax Refund 65,000   7,000   6,000 ______ 78,000

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Q16) What is Cash Budget? Give its advantages.
OR
Prepare a Cash Budget for the month of May and June using following information :

 Months Sales Purchases Wages April May June 62,000 64,000 58,000 38,000 33,000 39,000 8,000 10,000   8,500

(i) Cash Balance as on 1st May, 1995 was Rs. 8,000.
(ii) 75% of the sales are realised in the same month and rest in the following month.
(iii) Period of Credit from supplier is one month.
(iv) Lag in payment of wages is one month. (Marks 6)

Q17) From the following information, prepare a Comparative Income Statement: (Marks 5)

 Sales Cost of Goods Sold Administrative, Selling and Distribution Expenses Other Incomes Income Tax 1994 Rs. 4,00,000 2,00,000 40,000 20,000 60,000 1995 Rs. 5,00,000 3,00,000 1,00,000 30,000 70,000

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