CBSE Class 12 Accountancy Accounting Ratios Quiz 4

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CBSE › Class 12 › Accountancy › Accounting Ratios

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1. The two basic measures of liquidity are :

A Inventory Turnover and Current Ratio B Current Ratio and Liquid Ratio C Current Ratio and Average Collection Period D Current Ratio and Debtors Turnover Ratio

2. Liquidity Ratio:

3. The term ‘Current Liabilities’ does not include: . (a) Sundry Creditors

4. The term‘Current Assets’include

A Long-term Investment B Short-term Investment C Furniture D Preliminary Expenses

5. Liquid Ratio is also known as:

A Current Ratio B Quick Ratio C Capital Ratio D None of these

6. To test the liquidity of a concern which of the following ratios is useful ?

A Capital Turnover Ratio B Acid Test Ratio C Stock Turnover Ratio D Net Profit Ratio

7. Which of the following transactions will improve the current ratio ?

A Purchase of good for cash B Cash received from customers C Payment of creditors D Credit purchase of goods

8. Debt-equity ratio is :

A Liquidity Ratio B Activity Ratio C Solvency Ratio D Operating Ratio

9. The formula for finding out Debt-Equity Ratio is:

A Long-term Debts/Shareholders’ Funds B Debentures/Equity Capital C Net Profit/Total Capital D None of these

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