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Accountancy · 2026 · 4 marks
CBSE 2026 · Region 4 · Set 2 · Q33
(i)Calculate Revenue from Operations from the following information : Average inventory $\displaystyle 1,20,000$ Inventory turnover ratio $\displaystyle 8$ times Goods are sold at a profit of $\displaystyle 20$% on revenue from operations (ii) Calculate Trade Payables Turnover Ratio from the following information : Credit purchases during $\displaystyle 2024$ $\displaystyle 25$ : ₹ $\displaystyle 24,00,000$ Creditors on 1st April, $\displaystyle 2024$ : ₹ $\displaystyle 3,00,000$ Bills Payables on 1st April, $\displaystyle 2024$ : ₹ $\displaystyle 2,00,000$ Creditors on 31st March, $\displaystyle 2025$ : ₹ $\displaystyle 4,80,000$ Bills Payables on 31st March, $\displaystyle 2025$ : ₹ $\displaystyle 2,20,000$From the details given below, calculate : (i) Quick Ratio (ii) Working Capital Turnover Ratio Trade Receivables : $\displaystyle 5,00,000$ Inventory : $\displaystyle 2,40,000$ Marketable Securities : $\displaystyle 1,20,000$ Cash : $\displaystyle 80,000$ Prepaid Expenses : $\displaystyle 60,000$ Bills Payable : $\displaystyle 1,20,000$ Sundry Creditors : $\displaystyle 2,40,000$ Expenses Payable : $\displaystyle 1,40,000$ Debentures : ₹ $\displaystyle 3,00,000$ Revenue from Operations : $\displaystyle 24,00,000$
(i)
Calculate Revenue from Operations from the following information : Average inventory $\displaystyle 1,20,000$ Inventory turnover ratio $\displaystyle 8$ times Goods are sold at a profit of $\displaystyle 20$% on revenue from operations (ii) Calculate Trade Payables Turnover Ratio from the following information : Credit purchases during $\displaystyle 2024$ $\displaystyle 25$ : ₹ $\displaystyle 24,00,000$ Creditors on 1st April, $\displaystyle 2024$ : ₹ $\displaystyle 3,00,000$ Bills Payables on 1st April, $\displaystyle 2024$ : ₹ $\displaystyle 2,00,000$ Creditors on 31st March, $\displaystyle 2025$ : ₹ $\displaystyle 4,80,000$ Bills Payables on 31st March, $\displaystyle 2025$ : ₹ $\displaystyle 2,20,000$
From the details given below, calculate : (i) Quick Ratio (ii) Working Capital Turnover Ratio Trade Receivables : $\displaystyle 5,00,000$ Inventory : $\displaystyle 2,40,000$ Marketable Securities : $\displaystyle 1,20,000$ Cash : $\displaystyle 80,000$ Prepaid Expenses : $\displaystyle 60,000$ Bills Payable : $\displaystyle 1,20,000$ Sundry Creditors : $\displaystyle 2,40,000$ Expenses Payable : $\displaystyle 1,40,000$ Debentures : ₹ $\displaystyle 3,00,000$ Revenue from Operations : $\displaystyle 24,00,000$
Marking-scheme solution
(i)
Inventory Turnover Ratio = Cost of Revenue from Operations ……….….1/$\displaystyle 2$
Average Inventory
$\displaystyle 8$ = Cost of Revenue from Operations
₹ $\displaystyle 1,20,000$
Cost of Revenue from Operations = ₹ $\displaystyle 9,60,000$ …………………………….….….1/$\displaystyle 2$
Revenue from Operations= Cost of Revenue from Operations + Gross Profit ……….1/$\displaystyle 2$
= $\displaystyle 9,60,000$ + $\displaystyle 25$% on Cost of Revenue from Operations
= $\displaystyle 9,60,000$ + $\displaystyle 2,40,000$
= ₹ $\displaystyle 12,00,000$ ……..………………………….….………….1/$\displaystyle 2$
$\displaystyle 16$
(ii) Calculate Trade Payables Turnover Ratio… ….
Trade Payable Turnover Ratio = Net Credit purchases …….…….……….1/$\displaystyle 2$
Average Trade Payables
Trade Payable Turnover Ratio = ₹ $\displaystyle 24,00,000$
Average Trade Payables
Average Trade Payables = Opening Trade Payables + Closing Trade Payables
$\displaystyle 2$
= ₹ $\displaystyle 3,00,000$+ ₹ $\displaystyle 2,00,000$+ ₹ $\displaystyle 4,80,000$+ ₹ $\displaystyle 2,20,000$
$\displaystyle 2$
= ₹ $\displaystyle 12,00,000$
$\displaystyle 2$
= ₹ $\displaystyle 6,00,000$ …………………………………..…….…….1/$\displaystyle 2$
Trade payable turnover ratio = ₹ $\displaystyle 24,00,000$
₹ $\displaystyle 6,00,000$
= $\displaystyle 4$ times ……………………………………...….…….1
Q. (b) From the details given below, calculate……….
Ans.
(i)
Quick Ratio = Quick Assets …………………….1/$\displaystyle 2$
Current Liabilities
Quick Assets = Trade receivables + Marketable securities + Cash
= ₹ $\displaystyle 5,00,000$ + ₹ $\displaystyle 1,20,000$ + ₹ $\displaystyle 80,000$
= ₹ $\displaystyle 7,00,000$ ……………………………………………….………….1/$\displaystyle 2$
Current Liabilities = Bills Payable + Sundry Creditors + Expenses Payable
= ₹ $\displaystyle 1,20,000$ + ₹ $\displaystyle 2,40,000$ + ₹ $\displaystyle 1,40,000$
= ₹ $\displaystyle 5,00,000$………………………………………….………….1/$\displaystyle 2$
Quick Ratio = ₹ $\displaystyle 7,00,000$
₹ $\displaystyle 5,00,000$
= $\displaystyle 7$:$\displaystyle 5$ Or $\displaystyle 1.4$:$\displaystyle 1$ ………………………………………………………….1/$\displaystyle 2$
Working Capital Turnover Ratio = Revenue from operations
(ii)
…….…….1/$\displaystyle 2$
Working Capital
Working Capital Turnover Ratio = ₹ $\displaystyle 24,00,0000$
Working Capital
Current assets = Quick assets + Inventory + Prepaid Expenses
= ₹ $\displaystyle 7,00,000$ + ₹ $\displaystyle 2,40,000$ + ₹ $\displaystyle 60,000$
= ₹$\displaystyle 10,00,000$ ………………………………………………………….1/$\displaystyle 2$
Working Capital = Current Assets – Current Liabilities
= ₹ $\displaystyle 10,00,000$ – ₹ $\displaystyle 5,00,000$ = ₹ $\displaystyle 5,00,000$ ………………..……….1/$\displaystyle 2$
Working capital turnover ratio = ₹ $\displaystyle 24,00,000$
₹ $\displaystyle 5,00,000$
= $\displaystyle 4.8$ times ………………………………...……….1/$\displaystyle 2$
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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.