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Which of the following… (Class 12 Accountancy 2026, Q28)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/1/1 · 1 mark · MCQ

CBSE Class 12 Accountancy 2026: question 28

Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section B-I, question 28, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q28 · 1 mark · MCQAccounting Ratios

Which of the following transaction will affect the 'Gross Profit Ratio' of a company :

(i) Revenue from operations ₹ 1,00,000

(ii) Purchased goods worth ₹ 70,000.

(iii) Goods costing ₹ 15,000 withdrawn for personal use.

(iv) Goods costing ₹ 50,000 sold for ₹ 60,000.

  1. (A)(iv)
  2. (B)(i) and (ii)
  3. (C)(ii) and (iii)
  4. (D)(i) and (iii)

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/1/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which items change gross profit or revenue from operations?

Hint 2

A purchase that is still in stock does not change cost of goods sold.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Gross profit ratio = gross profit / revenue from operations. A purchase of goods raises purchases and closing inventory equally, and goods withdrawn for personal use are taken out of purchases, so neither changes cost of revenue from operations or revenue.

  2. Selling goods costing ₹ 50,000 for ₹ 60,000 changes both gross profit and revenue from operations, so only (iv) affects the ratio. Option (A).

    1 mark

Answer: (A) (iv)

Where the marks are

  • Identifies the sale at a profit (1 mark)

Revise the chapter

  • Chapter: Accounting Ratios (notes, formulas, where marks are lost and every past question)
Practise this chapterBoard-style questions from Accounting Ratios, one at a time, marked against the answer key and marking points.Back to the full paper2026 board paper, set 67/1/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.