CUET Preparation Today
CUET
Accountancy
Accounting Ratios
On the basis of the following information, answer the question :
Particulars
Amount (Rs.)
Share Capital :
Equity share capital (Rs. 10 each)
12,00,000
12% Preference share capital
3,00,000
Reserves & Surplus
5,00,000
10% Debentures
Current Liabilities
Fixed Assets
28,00,000
Current Assets
7,00,000
Net profit after tax as per Statement of
Profit & Loss
4,50,000
Tax
1,50,000
Market Price of the Share
34
Interest on Debentures will be :
₹ 60,000
₹ 1,00,000
₹ 1,20,000
₹ 2,40,000
The correct answer is Option (3) - ₹ 1,20,000
