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    This document contains an accounting practical exam with 3 questions. Question 1 asks to calculate current liabilities, current assets, and liquid ratio given working capital and current ratio. Question 2 asks to calculate gross profit ratio given information on opening/closing inventory, inventory turnover ratio, and selling price markup. Question 3 asks to calculate cash flow from financing activities using equity, debentures, securities premium, and bank overdraft information between two years as well as interest paid.

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    This document contains an accounting practical exam with 3 questions. Question 1 asks to calculate current liabilities, current assets, and liquid ratio given working capital and current ratio. Question 2 asks to calculate gross profit ratio given information on opening/closing inventory, inventory turnover ratio, and selling price markup. Question 3 asks to calculate cash flow from financing activities using equity, debentures, securities premium, and bank overdraft information between two years as well as interest paid.

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    2 views1 page

    PPR 2

    Uploaded by

    Gopal Kumar
    This document contains an accounting practical exam with 3 questions. Question 1 asks to calculate current liabilities, current assets, and liquid ratio given working capital and current ratio. Question 2 asks to calculate gross profit ratio given information on opening/closing inventory, inventory turnover ratio, and selling price markup. Question 3 asks to calculate cash flow from financing activities using equity, debentures, securities premium, and bank overdraft information between two years as well as interest paid.

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    © All Rights Reserved
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    of 1

    GSV LANCER ROAD

    CLASS XII A (BATCH 2)


    ACCOUNTANCY PRACTICAL EXAM (055)
    Time: 1 Hr M.M.: 12

    Q1.) Working Capital of a company is Rs, 6,00,000. Its Current Ratio is 2.5:1.
    Calculate value of (i) Current Liabilities, (ii) Current Assets, (iii) Liquid Ratio,
    assuming Inventories of Rs. 4,00,000. (3)

    Q2.) Opening inventory Rs. 5,00,000; Closing Inventory Rs. 3,00,000. Inventory
    Turnover Ratio 8 Times. Selling Price 25% above cost. Calculate Gross Profit
    Ratio. (3)

    Q3.) From the following information, determine Cash Flow from Financing
    Activities: (6)
    Particulars 31st 31st March
    March 2021(Rs.)
    2022(Rs.)
    Equity Share Capital 5,00,000 4,00,000
    10% Debentures 1,00,000 1,50,000
    Securities Premium Reserve 50,000 40,000
    Bank Overdraft 2,00,000 1,50,000

    Additional Information:
    Interest paid on debentures Rs. 10,000
    Interest on Bank overdraft Rs. 15,000 and previous year Rs.10,000.

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