CBSE Set Qa6 Accounts Sample Test Papers For Class 12th for students online
Accounts Class - XII
(CBSE)
You are on Set no 1 Answer 16 to 18
Q16) Calculate any three of
the following ratio with the help of he following information:
(i) Operating ratio, (ii) Current ratio, (iii) Capital turnover ratio and (iv)
Debt to total funds ratio.
Information: Equity Share Capital Rs. 5,00,000; 12% Debentures Rs.
6,00,000; 9% Preference Share Capital Rs. 3,00,000; General Reserve Rs.
1,00,000; Sales Rs. 10,00,000; Opening stock Rs. 80,000; Purchases Rs. 6,00,000;
Wages Rs. 1,00,000; Closing Stock Rs. 1,00,000; Selling and distribution
expenses Rs. 20,000; Other current assets Rs. 5,00,000 and Current liabilities
Rs.3,00,000 (Marks 6)
Ans16) (i) Operating Ratio = Operating Cost/Net Sales x 100
Operating cost = cost of Goods Sold* + Selling & Distribution Expenses
Cost of Goods Sold = Opening stock + Purchases + Wages - Closing stock
= 80000 + 600000 + 100000 - 100000
= Rs. 6,80,000
... Operating cost = 680000 + 20000
= 700000
Hence, operating ratio = 700000/10,00,000 x 100 = 70%
(ii) Current Ratio = Current assets/Current liabilities
Current assets = Closing stock + other current assets
= 100000 + 500000
... Current ratio = 600000/300000
= 2 : 1
(iii) Capital turnover ratio = Net sales/Capital employed
Capital Employed = Equity share capital + 12% Debentures + Preference Share
Capital + General Reserve.
= 500000 + 600000 + 300000 + 100000
... Capital Turnover Ratio = 10,00,000/15,00,000
= .67 times
(iv) Debt. to total funds Ratio = Long term debts/(Long term funds +
Shareholders funds)
Long term funds + Shareholders funds
= 600000 + 500000 + 300000 + 100000
= 1500000
... Debt to total funds ratio = 600000/1500000
= 2 : 5
Q17) Prepare a cash budget of Rama Ltd. for the months of January to March 1999 from the following information :
| Credit Purchases (Rs.) | Credit Sales (Rs.) | Wages (Rs.) | |
| 1998 | |||
| November | 2,00,000 | 2,50,000 | 50,000 |
| December | 3,50,000 | 3,00,000 | 60,000 |
| 1999 | |||
| January | 3,00,000 | 4,50,000 | 70,000 |
| February | 4,00,000 | 2,00,000 | 80,000 |
| March | 5,00,000 | 3,50,000 | 70,000 |
Ans17)
Cash Budget for the period Jan - March ' 99
|
Particulars |
Jan
|
Feb
|
March
|
|
Expected cash balance |
75000 |
65000 |
-55000 |
Q18) From the following Balance Sheets of Rajan Ltd.,
prepare Cash Flow Statement :
|
Liabilities
|
1997 (Rs.)
|
1998 (Rs.)
|
Assets
|
1997 (Rs.)
|
1998 (Rs.)
|
| Equity Share
Capital 12% Preference Share Capital General Reserve P and L A/c Creditors |
1,50,000
75,000 20,000 15,000 37,500 |
2,00,000
50,000 35,000 24,000 49,500 |
Goodwill Building Plant Debtors Stock Cash |
36,000
80,000 40,000 1,19,000 10,000 12,500 |
20,000
60,000 1,00,000 1,54,500 15,000 9,000 |
|
2,97,500
|
3,58,500 |
2,97,500
|
3,58,500
|
Ans18)
Cash Flow Statement for the period ended 1998
|
Inflow
|
Outflow
|
||
|
Cash balance as on 1997
Cash from operations Issue of Equity share capital |
12500 |
Redemption of Preference Shares
Purchase of plant Purchase of Building Cash balance as on 1998 |
25000 |
Working Notes :
Dr. Adjusted P/L A/C Cr.
|
To Depreciation A/c |
|
By balance b/d |
15000 |
|
|
|
|
|
Cash from Operation :
|
Funds from Operation
Add: Decrease in Current Assets and Increase in Current Liability Creditors Less: Increase in current Assets and Dec. in current Liabilities Debtors 35500 Stock 5000 Cash from operations |
110000 |
Building A/C
|
To balance b/d
To cash (Purchases bal. fig.) |
80000 |
By
Depreciation By balance c/d |
60000 |
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