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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 4 · Set 2 · Q30
The tool of 'Analysis of Financial Statements' which helps to assess the profitability, solvency and efficiency of an enterprise is known as:
The tool of 'Analysis of Financial Statements' which helps to assess the profitability, solvency and efficiency of an enterprise is known as :
is also known as the Acid Test Ratio.
Official answer
(a) → (D)
(b) → (B)
Marking-scheme solution
(D)
Ratio Analysis
Or
Q. (b) __________is also……………………………………………
Ans. (B) Quick ratio
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.