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CUET Accountancy 2026 PYQs13 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 13 May Shift 1

Ratios

past year questions, Financial Statements, CUET Accountancy 2026 13 May Shift 1

Easy

Financial Statements

What is the other name of Quick Ratio

Solution

✅ Correct Option: 4

Quick Ratio compares quick assets, that is current assets excluding inventory and prepaid expenses, with current liabilities. Because it applies a stricter test of short term solvency than the Current Ratio, it is known as the Acid Test Ratio, and also as the Liquid Ratio.

Ideal Quick Ratio is 1:11:1.

Related questions:

2023: 28 May Shift 1

Match List - I with List - II.

List - IList - II
(A) Current Ratio(I) Solvency Ratios
(B) Inventory Turnover Ratio(II) Liquidity Ratios
(C) Return on Investment(III) Profitability Ratios
(D) Proprietory Ratio(IV) Activity Ratios

Choose the correct answer from the options given below :

2024

Calculate Average Payment Period.

2022: 8 Aug Shift 2

Which one of the following statements is true?

2026: 29 May Shift 1

Calculate current assets of a company from the following information:

Inventory turnover ratio = 4 times

Inventory at the end is Rs. 20,000 more than the inventory in the beginning. Revenue from Operations Rs. 3,00,000 and gross profit ratio is 20% of revenue from operations.

Current liabilities = Rs. 40,000

Quick ratio = 0.75 : 1

2025: 3 June Shift 2

The current ratio is 2:1

The impact of goods purchased on credit will

2025: 3 June Shift 1

Match List-I with List-II

List–IList–II
(A) Profitability Ratios(I) This refers to the ratios that are calculated for measuring the efficiency of operations of a business based on effective utilization of resources.
(B) Activity Ratios(II) The ability of a business to pay the amount due to stakeholders as and when it is due.
(C) Liquidity Ratios(III) The ability to meet its contractual obligations towards stakeholders, particularly towards external stakeholders.
(D) Solvency Ratios(IV) It refers to the analysis of profits in relation to revenue from operations or funds (or assets) employed in the business.

Choose the correct answer from the options given below:

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