Class 12, Accountancy Practical, Sample Paper-3 (2023) M.M.

12 Time: 1 Hour

Q M.M.
1 The Quick ratio of X Ltd. is 1.5 : 1. What will be the effect of the following transaction on Quick Ratio? 1
(Increase/decrease or not change the Quick Ratio)
Purchased goods worth ₹50,000 on credit.
2 Using Net Profit Ratio, Comment on the performance of the company during the years 2021 and 2022: 2
Particulars 31.03.2022 (₹) 31.03.2021(₹)
Revenue from Operations 12,50,000 10,00,000
Cost of Material consumed 6,00,000 5,00,000
Other Expenses 50,000 30,000
3 From the following information of these companies producing the same product, find out which 3
company is the most efficient?
Company Rev. from Operations(₹) Debtors(₹)
Company A 24,00,000 8,00,000
Company B 30,00,000 6,00,000
Company C 40,00,000 10,00,000
4 From the following information, calculate cash flows from Investing activities: 1
Items 31.03.2021(₹) 31.03.2022(₹)
Goodwill 4,50,000 5,50,000
Patents 300,000 2,50,000
5 Rosy Ltd. has given you the following information: 2
Items Current Year(₹) Previous Year(₹)
Equity Shares 20,00,000 15,00,000
Proposed Dividend 5,00,000 4,50,000
Calculate cash flow from Financing Activities on the basis of the above information.
6 Compute net cash from operations for the year ended March 31, 2022, if Statement of Profit and Loss of 3
a company for the year ended March 31, 2022, disclosed Profit before tax ₹2,50,000 and following
Additional information is provided to you:
(a) Trade receivables decreased by ₹30,000 during the year.
(b) Prepaid expenses increased by ₹5,000 during the year.
(c) Trade payables increased by ₹15,000 during the year.
(d) Outstanding expenses payable increased by ₹3,000 during the year.
(e) Other expenses included depreciation of ₹25,000.