Financial Statements PYQ

Which of the following is not an operating activity?

Dividend received for a trading (non financing) organization is.

What is the value of tangible assets as on 31 March 2024

Liquid Ratio is also known as: (A) Current Ratio (B) Quick Ratio (C) Acid- Test Ratio (D) Working Capital Ratio Choose the correct answer from the options given below:

Which of the following does not result in outflow of cash? (A) Depreciation (B) Loss on sale of fixed assets (C) Purchase of fixed assets (D) Goodwill written off Choose the correct answer from the options given below:

To calculate interest coverage ratio; steps followed will be Net Profit after tax Rs. 60,000; 12% Long-term debt 20,00,000; and Tax rate 40%. (A) Calculate Net Profit before tax (B) Divide Net Profit before Interest and Tax by Interest on long-term debt (C) Calculate Net profit before interest and tax (D) Calculate Interest on Long-term Debt Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | Expenses incurred to earn the income | Explanation | | (A). Purchase of Stock-in-trade | (I). Expenses towards interest charges during the year on the borrowings | | (B). Employees benefit expenses | (II). Diminution in the value of fixed assets | | (C). Finance cost | (III). Purchases of goods for the purpose of trading | | (D). Depreciation | (IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc | Choose the correct answer from the options given below:

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.

Match List-I with List-II | List-I | List-II | |---|---| | Accounting ratio | Type of accounting ratio | | (A) Current ratio | (I) Liquidity ratios | | (B) Stock turnover ratio | (II) Activity ratios | | (C) Debt Equity ratio | (III) Solvency ratios | | (D) Operating ratio | (IV) Profitability ratios | Choose the correct answer from the options given below:

Return on Investment is

Arrange 'Fixed Assets' in proper order (A) Intangible assets under development (B) Tangible assets (C) Intangible Assets (D) Capital Work in Progress Choose the correct answer from the options given below:

Which of the following ratios is considered as the solvency ratio?

Reserve and surplus are shown under the _________________________ in the balance sheet of a company.

Profit after interest and tax is Rs 1,60,000. 10% Long term borrowing Rs 20,00,000 Rate of Tax : 20%. Profit before interest and tax will be .....

Employee benefit Expenses doesn't include

The analysis of financial statements does not serve the purposes of

Cash advances and loans made by financial enterprises are usually classified as ___________ activity.

While preparing financial statements on certain basic assumptions such as going concern, money measurement, and realization etc, they are known as:

Arrange different Classification of Activities for the Preparation of Cash Flow Statement- (A) Cash and Cash equivalents (B) Cash flow from Financing Activities (C) Cash flow from Investing Activities (D) Cash flow from Operating Activities Choose the correct answer from the options given below:

From the following information, calculate net cash inflow or net cash outflow from financing activities: | | April 1, 2016 | March 31, 2017 | |---|---|---| | Long-term Loans | Rs. 2,00,000 | Rs. 2,50,000 | During the year, the company repaid a loan of Rs. 1,00,000.

The items in the "statement of profit and loss", for the Revenue from operations DON'T include: If it is a non-finance company

Arrange the following steps to prepare the Comparative Statements- (A) List out absolute figures in rupees relating to two points of time (B) Prepare the format (C) Find out the change in absolute figures by subtracting the first year from the second year and indicate the change as increase or decrease. (D) Calculate the percentage change Choose the correct answer from the options given below:

Which analysis is a judgemental process which aims to estimate current and past financial positions and the results of the operation of an enterprise, with primary objective of determining the best possible estimates and predictions about the future conditions?

Which of the following indicate limitation of Financial analysis: