NCERT Solutions Class 12 Accountancy Accounting Ratios

NCERT Solutions Class 12 Accountancy Accounting Ratios. The NCERT solutions for Class 12 Accountancy book have been made by Accountancy teacher of one of the best CBSE school in India. Accountancy in class 12 is an important subject for commerce students. Its easy to learn and can help to get good marks. These NCERT solutions have been made to give detailed answers and explanations which can be easily understood by the students. Accountancy for commerce students is rather so important that in all future cources or even in graduation accountancy is the main subject and if understood properly can bethe most scoring also. You can download the NCERT solutions for free in pdf format. Refer to other links also to download Class 12 Accountancy NCERT solutions, worksheets, sample papers and test papers.

TEST YOUR UNDERSTANDING I

• State which of the following statements are True or False.

(a) The only purpose of financial reporting is to keep the managers informed about the progress of operations.

Answer False

(b) Analyses of data provided in the financial statements a is termed as financial analysis.

Answer True

(c) Long term creditors are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount of term.

Answer True

(d) A ratio is always expressed as a quotient of one number divided by another.

Answer False

(e) Ratios help in comparisons of a firm’s results over a number of accounting periods as well as with other business enterprises.

Answer True

(f) One ratios reflect both quantitative and qualitative aspects.

Answer False 

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