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CUET Accountancy 2026 PYQs19 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 19 May Shift 1

Ratios

past year questions, Financial Statements, CUET Accountancy 2026 19 May Shift 1

Medium

Financial Statements

A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.

Solution

✅ Correct Option: 1

Cost of revenue from operations =40,000×8=3,20,000= 40,000 \times 8 = 3,20,000. Profit is 20%20\% of revenue, so cost is 80%80\% of revenue: revenue =3,20,000/0.8=4,00,000= 3,20,000 / 0.8 = 4,00,000. Gross profit =4,00,000−3,20,000=80,000= 4,00,000 - 3,20,000 = 80,000.

Related questions:

2025: 3 June Shift 2

Match List-I with List-II

List-IList-II
(A) Measure of liquidity(I) Return on capital employed
(B) Measure of earning capacity(II) Inventory turnover ratio
(C) Measure of activity of firm's inventory(III) Profitability ratio
(D) Measure of Productive efficiency of funds(IV) Current ratio

Choose the correct answer from the options given below:

2022: 23 Aug Shift 2

For calculating EPS, the following order will be followed.

(A) Calculate number of equity shares

(B) Calculate earning available for equity share holders

(C) Compute profit after tax

(D) Compute EPS

Choose the correct answer from the options given below :

2026: 29 May Shift 1

Match List-I with List-II

List-I (Accounting Ratio)List-II (Objectives/ Use of Accounting Ratio)
(A) Liquidity Ratio(I) To know the earning capacity of the business
(B) Profitability Ratio(II) To know the ability to pay long-term obligations
(C) Solvency Ratio(III) To know the efficiency of business operations
(D) Activity Ratio(IV) To know the ability to pay short-term obligations

Choose the correct answer from the options given below:

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

2026: 6 June Shift 1

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.

2025: 16 May Shift 1

Match List-I with List-II

List-IList-II
(A) Liquidity Ratio(I) Interest Coverage Ratio
(B) Profitability Ratio(II) Acid-Test Ratio
(C) Solvency Ratio(III) Fixed Assets Turnover Ratio
(D) Activity ratios(IV) Return on Capital Employed Ratio

Choose the correct answer from the options given below:

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