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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 2 · Q30
The Debt-Equity Ratio of a company is $\displaystyle 2$ : 1. Which of the following transactions will increase the Debt - Equity Ratio :ORDuring the year ended 31st March, $\displaystyle 2022$, Shradha Ltd. earned net profit of ₹ $\displaystyle 15,00,000$ before interest and tax. The company has a $\displaystyle 10$% long term debt of ₹ $\displaystyle 50,00$,000. The tax rate is $\displaystyle 40$%. The Interest Coverage Ratio of the company will be :
OR
During the year ended 31st March, $\displaystyle 2022$, Shradha Ltd. earned net profit of ₹ $\displaystyle 15,00,000$ before interest and tax. The company has a $\displaystyle 10$% long term debt of ₹ $\displaystyle 50,00$,000. The tax rate is $\displaystyle 40$%. The Interest Coverage Ratio of the company will be :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (B)
(b) → (B)
Marking-scheme solution
Issue of $\displaystyle 9$% Debentures ₹$\displaystyle 4,00,000$
Q. During the year ended 31st March, $\displaystyle 2022$…..
Ans (b) $\displaystyle 3$ times
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.