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