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Accountancy · 2025 · 4 marks
CBSE 2025 · Region 1 · Set 2 · Q33
Calculate opening and closing Trade Payables from the following information: Total purchases ₹ 15,00,000, Cash purchases are 25% of credit purchases,…
Calculate opening and closing Trade Payables from the following information : Total purchases ₹ $\displaystyle 15,00,000$, Cash purchases are $\displaystyle 25$% of credit purchases, Trade payables turnover ratio is $\displaystyle 4$ times, Closing trade payables are two times of opening trade payables.
OR
From the following information, calculate 'Return on Investment' Shareholders Funds ₹ $\displaystyle 16,00,000$ $\displaystyle 10$% Debentures ₹ $\displaystyle 8,00,000$ Current Liabilities ₹ $\displaystyle 2,00,000$ Current Assets ₹ $\displaystyle 5,00,000$ Non-Current Assets ₹ $\displaystyle 21,00,000$ Net profit after tax was ₹ $\displaystyle 3,00,000$ and the tax amounted to ₹ $\displaystyle 1,00$,000.
Marking-scheme solution
Total purchases = Cash purchases+ Credit purchases
⇨ ₹$\displaystyle 15,00,000$= ¼ Credit purchases + Credit purchases
⇨ ₹$\displaystyle 15,00,000$= $\displaystyle 5$/$\displaystyle 4$ Credit Purchases
⇨ Credit Purchases ₹$\displaystyle 15,00,000$ x $\displaystyle 4$/$\displaystyle 5$
⇨ Credit purchases= ₹$\displaystyle 12,00,000$
Trade payables turnover ratio= Net Credit purchases/ Average Trade Payables
⇨ $\displaystyle 4$ =₹$\displaystyle 12,00,000$/ Average Trade Payables
⇨ Average Trade Payables= ₹$\displaystyle 3,00,000$
Average Trade Payables= (Opening Trade Payables + Closing Trade Payables)/$\displaystyle 2$
⇨ ₹$\displaystyle 3,00,000$ = (Opening Trade Payables + $\displaystyle 2$ Opening Trade Payables)/$\displaystyle 2$
⇨ Opening Trade Payables= ₹$\displaystyle 3,00,000$ x $\displaystyle 2$/$\displaystyle 3$
⇨ Opening Trade Payables= ₹$\displaystyle 2,00,000$
Closing Trade Payables= $\displaystyle 2$ x Opening Trade Payables
⇨ Closing Trade Payables= $\displaystyle 2$ x ₹$\displaystyle 2,00,000$
⇨ Closing Trade Payables=
₹$\displaystyle 4,00,000$
Q. (b) From the following information……….
Ans.
Return on Investment= Profit before interest and tax/ Capital Employed x $\displaystyle 100$
Profit before Interest and Tax= Net profit after tax + Tax + Interest on Debentures
⇨ Profit before Interest and Tax= ₹$\displaystyle 3,00,000$ + ₹$\displaystyle 1,00,000$+ ₹$\displaystyle 80,000$
⇨ Profit before Interest and tax= ₹$\displaystyle 4,80,000$
Capital employed= Shareholders Funds+ Debentures
⇨ Capital employed= ₹ $\displaystyle 16,00,000$ + ₹ $\displaystyle 8,00,000$
⇨ Capital employed= ₹ $\displaystyle 24,00,000$
or
Capital employed= Non-Current assets + Current Assets - Current Liabilities
⇨ Capital employed = ₹$\displaystyle 21,00,000$ + ₹$\displaystyle 5,00,000$ - ₹$\displaystyle 2,00,000$
⇨ Capital employed= ₹$\displaystyle 24,00,000$
Return on investment= (₹$\displaystyle 4,80,000$/ ₹$\displaystyle 24,00,000$) x $\displaystyle 100$
⇨ Return on investment= $\displaystyle 20$%
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.