AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs6 June Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 6 June Shift 1

Ratios

past year questions, Financial Statements, CUET Accountancy 2026 6 June Shift 1

Medium

Financial Statements

A trading firm's average inventory is Rs. 40,000. If the inventory turnover ratio is 6 times and the firm sells goods at a gross profit of 25% on sales, ascertain the gross profit of the firm.

Solution

✅ Correct Option: 1

Cost of Revenue from Operations == Average Inventory ×\times Turnover Ratio =40,000×6=Rs. 2,40,000= 40,000 \times 6 = Rs.\,2,40,000. Gross profit is 25%25\% on sales, so cost =75%= 75\% of sales; Sales =2,40,0000.75=Rs. 3,20,000= \frac{2,40,000}{0.75} = Rs.\,3,20,000. Gross Profit =3,20,000×25%=Rs. 80,000= 3,20,000 \times 25\% = Rs.\,80,000.

Related questions:

2025: 22 May Shift 2

Match List-I with List-II:

List-IList-II
(Ratio)(Formula)
(A) Current ratio(I) Market Price of a share/EPS
(B) Operating Margin Ratio(II) Current Assets/Current Liabilities
(C) Return on Capital employed(III) 100 - Operating Ratio
(D) Price earning ratio(IV) Profit before interest and tax/Capital employed X 100

Choose the correct answer from the options given below:

2022: 8 Aug Shift 2

Debt-equity ratio is a sub-part of:

2022: 8 Aug Shift 2

What is Gross Profit Ratio if?

Total sales Rs. 6,00,000

Sales returns Rs. 50,000

Cost of goods sold Rs. 4,40,000

2022: 16 July Shift 2

Make the right combination of the ratios that enables to find the short term liquidity

A. Return on Equity

B. Acid Test Ratio

C. Sacrificing Ratio

D. Inventory Turnover Ratio

E. Current Ratio

Choose the correct answer from the options given below:

2026: 31 May Shift 1

Match the LIST-I with LIST-II

LIST-ILIST-II
A.Liquidity Ratio(s)I.Measure long term financial stability
B.Solvency Ratio(s)II.Measure to analyse the earning capacity
C.Profitability Ratio(s)III.Measure ability to pay short-term obligation
D.Activity Ratio (s)IV.Measure utilisation of resources

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Quick Assets of the firm are:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)