Home > Class 12 Accountancy > Quizzes > MCQs for Accounting Ratios
MCQs for Accounting Ratios
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 31% • Most missed: “A Company’s Current Ratio is 2.4 : 1 and Working Capital is ₹5,60,000. If its Li…”
MCQs for Accounting Ratios
Time left 00:00
25 Questions

1. A firm’s cwTent assets are ₹3,60,000; Cur from operations is ₹12,00,000. Its worki
2. Debt equity ratio of a company is 1 : 2. Which of the following transactions will increase it:
3. On the basis of following information received from a firm, its Debt-Equity Ratio will be . Equity Share Capital ₹5,80,000; Reserve Fund ₹4,30,000; Preliminary Expenses ₹40,000; Long term Debts ₹1,28,900; Debentures ₹2,30,000.
4. Credit revenue from operations ₹24,00,000; Trade Receivables Turnover Ratio 6 times; Opening Debtors ₹3,20,000. Closing Debtors will be :
5. Current Assets ₹85,000; Inventory ₹22,000; Prepaid Expenses ₹3,000. Then liquid assets will be :
6. On the basis of following data, a Company’s closing debtors will be. Credit revenue from operations ₹9,00,000; Average Collection period 2 months; Opening debtors are ₹15,000 less as compared to closing debtors.
7. Opening Inventory ₹50,000; Closing Inventory ₹40,000 and cost of revenue from operations ₹7,20,000. What will be Inventory Turnover Ratio?
8. A Company’s liquid assets are ₹5,00,000 and its current liabilities are ₹3,00,000. Thereafter, it paid 1,00,000 to its trade payables. Quick ratio will be:
9. Opening Inventory ₹1,00,000; Closing Inventory ₹1,20,000; Purchases ₹20,00,000; Wages ₹2,40,000; Carriage Inwards ₹1,50,000; Selling Exp. ₹60,000; Revenue from Operations ₹30,00,000. Gross Profit ratio will be :
10. Credit Purchases ₹6,00,000; Trade Payables Turnover Ratio 5; Calculate closing creditors, if closing creditors are ? 10,000 less than opening creditors.
11. Current Assets ₹5,00,000; Current Liabilities ₹1,00,000; Revenue from Operations ₹28,00,000. Working Capital turnover Ratio will be:
12. If average inventory is ₹50,000 and closing inventory is ₹2,000 less than the opening inventory, opening and closing inventory will be :
13. Credit revenue from operations ₹3,00,000. Trade Receivables Turnover Ratio 5; Calculate Closing Debtors, if closing debtors are two times in comparison to Opening Debtors.
14. A Company’s Liquid Assets are ₹2,00,000, Inventory is ₹1,00,000, Prepaid Expenses are ₹20,000 and Working Capital is ₹2,40,000. Its Current Ratio will be:
15. Two basic measures of liquidity are :
16. Credit Purchases ₹9,60,000; Cash Purchases ₹6,40,000; Creditors ₹2,40,000; Bills Payable ₹80,000. Average Payment Period will be :
17. Proprietary Ratio is :
18. Credit revenue from operations ₹6,00,000; Cash revenue from operations ? 1,50,000; Debtors ₹1,00,000; B/R ₹50,000. Average Collection Period will be :
19. Quick Assets do not include
20. Opening Inventory ₹75,000; Closing Inventory ₹1,05,000; Inventory Turnover Ratio 6; Gross Profit 20% on cost; what will be Gross Profit?
21. Inventory Turnover Ratio is:
22. Current assets include only those assets which are expected to be realised within ..................
23. Revenue from Operations ₹8,00,000; Gross Profit Ratio 25%; Opening Inventory ₹1,00,000; Closing Inventory ₹60,000. Inventory Turnover Ratio will be :
24. Current Ratio is :
25. A Company’s liquid assets are ₹10,00,000 and its current liabilities are ₹8,00,000. Subsequently, it purchased goods for ₹1,00,000 on credit. Quick ratio will be

⚡ Recently practiced quizzes in this topic
Live quiz activity
MCQs for Accounting for Partnership Firms MCQs for Common Size Statements Accounting For Partnership Firms Goodwill (MCQs) MCQs for Financial Statements of Not-for-Profit Organisations (N.P.O.) MCQs for Issue of Shares Accounting For Partnership Firms (MCQs) MCQs for Dissolution of a Partnership MCQs for Cash Flow Statement MCQs for Change in Profit Sharing Ratio among the Existing Partners MCQs for Admission of a Partner
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.