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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 2 · Q28
Analysis of Financial Statements is useful and significant to different users. Which of the following users is particularly interested in the firm's ability to meet their claims over a very short period of time ?OR___________ ratios are calculated to determine the ability of the business to service its debt in the long run.
OR
___________ ratios are calculated to determine the ability of the business to service its debt in the long run.Official answer
From CBSE’s own marking scheme for this paper.
(a) → (B)
(b) → (C)
Marking-scheme solution
Trade Payables
______________________ratios are calculated to determine…..
Ans. (C) Solvency
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.