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Class 12 Accountancy: Accounting Ratios — Chapter Test 1

Class 12 • Accountancy • Accounting Ratios • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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This test is completely free.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
Current ratio =
A
Current Assets / Current Liabilities
B
Quick Assets / Current Liabilities
C
Debt / Equity
D
Net Profit / Sales
View Correct Answer & Step-by-Step Solution
Correct Option:(A)Current Assets / Current Liabilities

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
The ideal current ratio is generally considered:
A
1:1
B
2:1
C
3:1
D
1:2
View Correct Answer & Step-by-Step Solution
Correct Option:(B)2:1

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
Quick (liquid) ratio =
A
Current Assets / Current Liabilities
B
Quick Assets / Current Liabilities
C
Inventory / Sales
D
Cash / Debt
View Correct Answer & Step-by-Step Solution
Correct Option:(B)Quick Assets / Current Liabilities

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
The ideal quick ratio is generally:
A
2:1
B
1:1
C
3:1
D
0.5:1
View Correct Answer & Step-by-Step Solution
Correct Option:(B)1:1

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
Debt-equity ratio =
A
Long-term Debts / Shareholders' Funds
B
Current Liabilities / Equity
C
Total Assets / Debt
D
Equity / Debt
View Correct Answer & Step-by-Step Solution
Correct Option:(A)Long-term Debts / Shareholders' Funds

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 12 Accountancy: Accounting Ratios — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Accounting Ratios" of Class 12 Accountancy. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.