MODEL PAPER 2025 — Accountancy STD 12 Commerce — Question

₹ 3,00,000 is the cost of Revenue from Operations (Cost of Goods Sold), Inventory turnover 8 times; Inventory at the beginning is 2 times more than the inventory at the end. Calculate the values of Opening & Closing Inventory.

1. Calculate Revenue from operations of BN Ltd. From the following information:

Current assets	₹ 8,00,000.
Quick ratio is	1.5 : 1
Current ratio is	2 : 1
Inventory turnover ratio is	6 times

Goods were sold at a profit of 25% on cost.

2. The Operating ratio of a company is 60%. State whether ‘Purchase of goods costing ₹ 20,000’ will increase, decrease or not change the operating ratio.

From the following information, calculate Cash Flow from Investing Activities:

	₹		₹
Purchase of Machine Purchase of Goodwill Sale of Machine Sale of Investment	2,50,000 1,00,000 35,000 50,000	Purchase of Investments Sale of Patents Interest and Dividend Received	1,50,000 40,000 10,000

A building was purchased as investment out of surplus which was let out for commercial purposes. Rent received ₹ 20,000.

Calculate Gross Profit Ratio from the following:
Opening Inventory ₹ 30,000; Closing Inventory ₹ 25,000; Purchases ₹ 3,05,000; Return Outwards ₹ 20,000; Wages ₹ 32,000; Cash Revenue from Operations ₹ 1,40,000; Return Inwards ₹ 10,000; Credit Revenue from Operations ₹ 3,30,000.

Closing Trade Receivables ₹ 4,00,000; Cash Revenue from Operations being 25% of Credit Revenue from Operations. Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 2,00,000. Total Revenue from Operations ₹ 15,00,000. Calculate Trade Receivables Turnover Ratio.

Calculate Return on Investment (ROI) from the following details: Net Profit after Tax ₹ 6,50,000; Rate of Income Tax 50%; 10% Debentures of ₹ 100 each ₹ 10,00,000; Fixed Assets at cost ₹ 22,50,000; Accumulated Depreciation on Fixed Assets up to date ₹ 2,50,000; Current Assets ₹ 12.00,000: Current Liabilities ₹ 4,00,000.

Who are the users of financial ratio analysis? Explain the significance of ratio analysis to them?

Current Ratio 3.5 : 1; Quick Ratio 2 : 1; Inventory ₹ 24,000. Calculate Current Assets; Current Liabilities and Quick Assets.

Luxury Cosmetics Ltd. issued 30,000, 9% debentures of ₹ 500 each at a discount of 4%, redeemable at a premium of 5% after 4 years payable as: ₹ 200 on application and balance on allotment. Record necessary entries for issue of debentures.

Identify the following transactions as belonging to (i) Operating, (ii) Investing, (iii) Financing Activities and (iv)Cash Equivalents:

1. Interest paid
2. Interest paid on long-term loans by

1. Finance Company
2. Non-finance Company

3. Interest received
4. Interest received on Investments by a bank
5. Interest received on investments by a manufacturing company
6. Dividend received
7. Dividend received by a Mutual Fund Company
8. Purchase of Investments
9. Purchase of Investments by a finance company
10. Purchase of Investments by a non-finance company
11. Bank balance
12. Short-term deposits in banks
13. Bank Overdraft
14. Marketable Securities