Scribd Logo
Upload

Welcome to Scribd!

  • PPR 3

    Uploaded by

    Gopal Kumar
    3 views1 page
    This document contains instructions and questions for an Accountancy practical exam. Question 1 asks to calculate current liabilities, liquid assets, and inventory given information about current assets, current ratio, and liquid ratio. Question 2 asks to calculate gross profit ratio using data on average inventory, inventory turnover ratio, average trade receivables, trade receivables turnover ratio, and cash sales. Question 3 asks to determine cash flow from financing activities for a company given information about equity share capital, debentures, interest paid on debentures, dividend paid, and bonus shares issued in a year.

    Original Description:

    pratice paper

    Original Title

    ppr 3

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains instructions and questions for an Accountancy practical exam. Question 1 asks to calculate current liabilities, liquid assets, and inventory given information about current assets, current ratio, and liquid ratio. Question 2 asks to calculate gross profit ratio using data on average inventory, inventory turnover ratio, average trade receivables, trade receivables turnover ratio, and cash sales. Question 3 asks to determine cash flow from financing activities for a company given information about equity share capital, debentures, interest paid on debentures, dividend paid, and bonus shares issued in a year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    PPR 3

    Uploaded by

    Gopal Kumar
    This document contains instructions and questions for an Accountancy practical exam. Question 1 asks to calculate current liabilities, liquid assets, and inventory given information about current assets, current ratio, and liquid ratio. Question 2 asks to calculate gross profit ratio using data on average inventory, inventory turnover ratio, average trade receivables, trade receivables turnover ratio, and cash sales. Question 3 asks to determine cash flow from financing activities for a company given information about equity share capital, debentures, interest paid on debentures, dividend paid, and bonus shares issued in a year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    GSV LANCER ROAD

    CLASS XII A (BATCH 3)


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

    Q1.) Current Assets of a company are Rs. 17,00,000. its Current Ratio is 2.5 and
    Liquid Ratio is 0.95. Calculate Current Liabilities, Liquid Assets and Inventory.
    (3)

    Q2.) Calculate Gross Profit Ratio from the following data: (3)
    Average Inventory Rs. 1,60,000; Inventory Turnover Ratio 8 Times; Average
    Trade Receivables Rs. 2,00,000; Trade Receivables Turnover Ratio 6 Times;
    Cash Sales 25% of Net Sales.

    Q3.) Rayan Ltd. provides the following information. Determine Cash Flow from
    Financing Activities. (6)
    Particulars 31st March 31st March
    2022(Rs.) 2021(Rs.)
    Equity Share Capital 15,00,000 10,00,000
    10% Debentures --- 1,00,000
    8% Debentures 2,00,000 ---

    Additional Information:
    (i) Interest Paid on Debentures Rs. 10,000.
    (ii) Dividend Paid Rs. 50,000.
    (iii) During the year 2021-22, Rayan Ltd. issued bonus shares in the ratio
    of 2:1.

    You might also like