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CUET Accountancy 2023 PYQs11 June Shift 3. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2023 11 June Shift 3

Ratios

past year questions, Financial Statements, CUET Accountancy 2023 11 June Shift 3

Easy

Identify the other name by which Liquid ratio is known :

Solution

✅ Correct Option: 3

Liquid Ratio is also known as Quick Ratio or Acid Test Ratio. It measures a firm's ability to pay off its current liabilities using its most liquid assets (excluding inventory and prepaid expenses). Formula: Quick Ratio = (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities.

Related questions:

2026: 6 June Shift 1

Given the following information:

Revenue from Operations Rs. 3,40,000

Cost of Revenue from Operations Rs. 1,20,000

Selling expenses Rs. 80,000

Administrative Expenses Rs. 40,000

Calculate the operating ratio.

2022: 8 Aug Shift 2

Long-term solvency is indicated by:

2025: 15 May Shift 2

To calculate interest coverage ratio; steps followed will be

Net Profit after tax Rs. 60,000; 12% Long-term debt 20,00,000; and Tax rate 40%.

(A) Calculate Net Profit before tax

(B) Divide Net Profit before Interest and Tax by Interest on long-term debt

(C) Calculate Net profit before interest and tax

(D) Calculate Interest on Long-term Debt

Choose the correct answer from the options given below:

2024

Calculate Trade Payables Turnover Ratio.

2025: 24 May Shift 1

A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit.

2025: 13 May Shift 2

Match List-I with List-II

List-IList-II
(A) Liquidity Ratios(I) Debt to Capital Employed Ratio
(B) Solvency Ratios(II) Net profit ratio
(C) Activity Ratios(III) Current Ratio
(D) Profitability Ratios(IV) Working capital Turnover Ratio

Choose the correct answer from the options given below:

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