CUET UG 2025 — Financial Statements

Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest

Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:

Auditor issues Annual report of company refering to___.

Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:

'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:

Which entries are correct in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013- (A) The shareholders' funds are sub-classified as Share Capital, Reserves and Surplus & Money received against Share Warrants. (B) Reserves and Surplus include Revaluation Reserve. (C) Both tangible and intangible assets are current assets. (D) Deferred tax assets/liabilities are always non-current. Choose the correct answer from the options given below:

The current ratio is 2.5 : 1. Current assets are Rs. 50,000 and current liabilities are Rs. 20,000. How much must be the reduction in the current assets to bring the ratio to 2 : 1

Calculate credit revenue from operations using following information: Total revenue from operations : Rs 4,00,000, Cash received from operations are 25% of Credit revenue from operations.

Profit before interest and tax-

Operating expense ratio is

The main advantage of ratio analysis is.

An annual report is issued by a company to its --------------.

Which statements are true- (A) The financial statements of a business enterprise include cash flow statement. (B) Comparative statements are the form of horizontal analysis. (C) Ratio analysis help business in identifying the problem areas. (D) Financial analysis is used only by the creditors. Choose the correct answer from the options given below:

Arrange the following balance sheet items in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013- (A) Current Assets (B) Shareholder's Funds (C) Non-current Liabilities (D) Non-Current Assets (E) Current Liabilities Choose the correct answer from the options given below:

Arrange the following under the heading Equities and Liabilities in balance sheet of a company. (A) Non-current liabilities (B) Current liabilities (C) Shareholders fund (D) Share application money pending allotment Choose the correct answer from the options given below:

Calculate the Current Ratio from the following information: | Particulars | (Rs.) | |---|---| | Inventories | 50,000 | | Trade receivables | 50,000 | | Advance tax | 4,000 | | Cash and cash equivalant | 30,000 | | Trade payables | 1,00,000 | | Short-term borrowings (bank overdraft) | 4,000 |

Arrange As Appear in Balance sheet as prescribed in part I of schedule III of the Companies act 2013- (A) Non-current liabilities (B) Current liabilities (C) Current Asset (D) Shareholders fund Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Comparative statements | (I) Operating Activities | | (B) Common Size Statement | (II) Horizontal Analysis | | (C) Cash flow Analysis | (III) Debt Equity Ratio | | (D) Ratio Analysis | (IV) Vertical Analysis | Choose the correct answer from the options given below: 1. (A) - (II), (B) - (IV), (C) - (I), (D) - (III) 2. (A) - (IV), (B) - (II), (C) - (I), (D) - (III) 3. (A) - (II), (B) - (III), (C) - (IV), (D) - (I) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Which combination of the following activities are financing activities- (A) Proceeds from issue of equity share capital. (B) Purchase of goodwill. (C) Proceeds from long-term borrowings. (D) Interim dividend paid on equity shares. Choose the correct answer from the options given below:

Cash received from the issue of debenture for a trading organization is.

The net profits made during the year are Rs. 50,000. Machine purchased during the year was for Rs 40,000 and non current investment sold were for Rs 1,00,000. Then during the year the cash flow from investing activities will be equal to:

The _________ may indicate that the firm is experiencing stockouts and lost sales.

If, Total assets = Rs. 3,00,000 Non-current liabilities = Rs. 80,000 Shareholders fund = Rs. 2,00,000 Non-current assets: Fixed assets = Rs. 1,60,000 Non-current investments = Rs. 1,00,000. Then, Current Ratio is:

Cash flow statement is part of financial statements as per The Companies Act 2013 and prepared in accordance with Accounting Standard_____.

Which of following is not Cash Inflows from Investing Activities

The two basic measures of liquidity are:

Which of the following is not a constituents of the credit policy of a business firm?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item | (I) Trend Analysis | | (B) Technique of studying the operational results and financial position over a series of years. | (II) Comparative Statements | | (C) Statements showing the profitability and financial position of a firm for different periods of time in a comparative form to give an idea about the position of two or more periods | (III) Ratio Analysis | | (D) Describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm | (IV) Common-Size Statements | Choose the correct answer from the options given below:

Which of following is not Cash Inflows from Investing Activities

Quick Ratio of the firm is:

Which market conditions enable firms to earn higher profits?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratio | (I) Trade payable Turnover Ratio | | (B) Solvency Ratio | (II) Quick Ratio | | (C) Activity Ratio | (III) Proprietary Ratio | | (D) Profitability Ratio | (IV) Price earning ratio | Choose the correct answer from the options given below:

To assess the long term solvency of the business, which of the following ratios are needed? (A) Interest coverage ratio (B) Proprietary ratio (C) Acid test ratio (D) Debt to capital employed ratio Choose the correct answer from the options given below:

Value of reserves and surplus on 31 March 2024 stood at

Arrange the following in correct sequence in preparation of the Balance sheet of a company. (A) Non-current Liabilities (B) Shareholder's Funds (C) Current Liabilities (D) Contingent liabilities Choose the correct answer from the options given below: 1. (D), (B), (C), (A) 2. (B), (A), (C), (D) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)

Arrange the following steps in the correct sequence while calculating the cash flow from operating activities: (A) Add in profit deductions already made in the Statement of Profit and Loss on account of non-cash items (B) Calculate Operating Profit before Working Capital changes (C) Deduct additions (incomes) made in the Statement of Profit and Loss on Account of Non-operating items (D) Calculate Net Profit/Loss before Tax and Extraordinary Items Choose the correct answer from the options given below:

The two basic measures of liquidity are:

Which of the following is True about analysis of financial statements- (A) The financial statements of a business enterprise include cash flow statement. (B) Financial analysis is used only by the creditors. (C) Comparative statements are the form of horizontal analysis. (D) Financial analysis helps an analyst to arrive at a decision. Choose the correct answer from the options given below:

ABC Ltd. has given you the following information: | | Rs. | |---|---| | Machinery as on April 01, 2024 | 50,000 | | Machinery as on March 31, 2025 | 60,000 | | Accumulated Depreciation on April 01, 2024 | 25,000 | | Accumulated Depreciation on March 31, 2025 | 15,000 | During the year, a Machine costing Rs. 25,000 with Accumulated Depreciation of Rs. 15,000 was sold for Rs. 13,000. Calculate cash flow from Investing Activities on the basis of the above information.

Match List-I with List-II | List-I | List-II | |---|---| | (Book/Theory proposed/Characteristic, etc.) | (Author/Thinker/Name of Theory, etc.) | | (A) comparative statement | (I) study the operational results over the series of years. | | (B) common size statement. | (II) express the relationship between various items of financial statement. | | (C) trend analysis. | (III) study the relationship between two or more years. | | (D) ratio analysis. | (IV) express each item as a percentage of the common base or item. | Choose the correct answer from the options given below:

Arrange the following in correct sequence of appearance in a cash flow statement (A) Cash and cash equivalents at the end (B) Cash flows from operating activities (C) Cash flows from investing activities (D) Cash flows from financing activities Choose the correct answer from the options given below:

Cash Inflows from Financing Activities does not include-

If the net profits made during the year are Rs. 50,000 and the bills receivables have decreased by Rs. 10,000 during the year, then the cash flow from operating activities will be equal to:

Which technique is used to assess profitability, solvency and efficiency of an enterprise through the technique of ratio analysis?

Current liabilities does not include:

Average Trade payables is-

P/E Ratio (Price Earning Ratio)

Which among the following is NOT TRUE about the financial statement?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Measure of liquidity | (I) Return on capital employed | | (B) Measure of earning capacity | (II) Inventory turnover ratio | | (C) Measure of activity of firm's inventory | (III) Profitability ratio | | (D) Measure of Productive efficiency of funds | (IV) Current ratio | Choose the correct answer from the options given below:

Which of the following is not the tool for analysis of Financial Statements-

Which among the following is NOT the feature of the Presentation of the Financial Statement?

Match List-I with List-II | List–I | List–II | | ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- | | (A) Profitability Ratios | (I) This refers to the ratios that are calculated for measuring the efficiency of operations of a business based on effective utilization of resources. | | (B) Activity Ratios | (II) The ability of a business to pay the amount due to stakeholders as and when it is due. | | (C) Liquidity Ratios | (III) The ability to meet its contractual obligations towards stakeholders, particularly towards external stakeholders. | | (D) Solvency Ratios | (IV) It refers to the analysis of profits in relation to revenue from operations or funds (or assets) employed in the business. | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A). Liquidity Ratio | (I). Receivable Turnover Ratio | | (B). Solvency Ratio | (II). Quick Ratio | | (C). Activity (or Turnover) Ratio | (III). Earning Per Share Ratio | | (D). Profitability Ratio | (IV). Debt to Equity Ratio | Choose the correct answer from the options given below:

A company issued shares of ₹ 3,00,000 to the public. How it will be shown under the Cash Flow Statement.

Match List-I with List-II | List-I | List-II | |---|---| | (Type of Activity) | (Transaction) | | (A) Operating Activity | (I) Interest Paid on long-term borrowings | | (B) Financing Activity | (II) Cash Credit | | (C) Investing Activity | (III) Rent received on property held as investment. | | (D) Cash Equivalents | (IV) Cash purchases | Choose the correct answer from the options given below:

Trade Receivable Turnover Ratio is-

In order to bring clarity regarding the identity of ultimate owners of the company, disclosure of shares in the company held by each shareholder is required, holding more than _____ shares, specifying the number of shares held.

Revenue from operations = 4,00,000 Average Inventory = 55,000 Gross Profit Ratio = 10%. Calculate Inventory turnover ratio-

Which of the following transactions are shown under Financing activity: (A) Purchase of Furniture by issuing 1000 Shares @10 each (B) Interest paid ₹ 25,000 (C) Dividend Paid ₹ 10,000 (D) Issue of 5000 Bonus shares @ 10 each Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratio | (I) Interest Coverage Ratio | | (B) Profitability Ratio | (II) Acid-Test Ratio | | (C) Solvency Ratio | (III) Fixed Assets Turnover Ratio | | (D) Activity ratios | (IV) Return on Capital Employed Ratio | Choose the correct answer from the options given below:

As per AS-26 assets like goodwill should be written off .

Higher turnover ratio means:

If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:

Which among the following are the commonly used tools for financial analysis? (A) Horizontal analysis (B) Vertical analysis (C) Ratio analysis (D) Trend analysis Choose the correct answer from the options given below:

Which of the following is NOT a feature of financial statements?

Calculate 'Liquid Ratio' from the following information: | Current liabilities | Rs. 50,000 | |---|---| | Current assets | Rs. 80,000 | | Inventories | Rs. 20,000 | | Advance tax | Rs. 5,000 | | Prepaid expenses | Rs. 5,000 |

Which one of the following is not a tool for analyzing financial statements?

Quick Assets of the firm are:

The balance sheet provides information about the financial position of an enterprise:

Arrange the following Cash Flows from Operating Activities in sequence as per indirect method- (A) Income Tax Paid (B) Net Profit/Loss before Tax and Extraordinary Items (C) Operating Profit before Working Capital changes (D) Effects of Extraordinary Items relating to operating activity. Choose the correct answer from the options given below:

The manner prescribed in the revised schedule iii to the companies act, 2013, the particulars of balance sheet will appear in the order (A) Deferred tax assets (B) Deferred tax liabilities (C) Reserves and Surplus (D) Short-term provisions Choose the correct answer from the options given below:

Arrange the following outcomes in the correct order for calculating profit and loss in the common-size statement (A) Net Profit (B) Non-Operating Income (C) Revenue from Operations (D) Profit after tax Choose the correct answer from the options given below:

Dividend paid by a company to its shareholder is classified as which type of activity under cash flow statement?

Compute Earning per share from following information | Net profit after tax but before dividend | 1,75,000 | |---|---| | Equity shares of Rs. 10 each | Rs. 7,00,000 | | Dividend declared @15% | | | Market price of a share | Rs.13 |

Goods costing Rs.80,000/- were sold at a profit of 20% on sales. the amount of gross profit on this sales is.

The ideal quick ratio is

Calculate Gross profit ratio from following info | Revenue from operations | 3,40,000 | |---|---| | Cost of revenue from operations | 1,20,000 |

Trade payable turnover ratio is-

Match List-I with List-II | List-I | List-II | |---|---| | (A) Operating activity | (I) Bank | | (B) Investing activity | (II) Redemption of preference shares | | (C) Financing activity | (III) Purchase of machinery | | (D) Cash equivalents | (IV) Cash receipt from trade receivables. | Choose the correct answer from the options given below:

Calulate Current Ratio from the following information: | Particulars (Rs.) | Amount (in Rs) | |---|---| | Inventories | 60,000 | | Trade receivables | 60,000 | | Advance tax | 4,000 | | Cash and cash equivalents | 50,000 | | Trade payables | 1,30,000 | | Bank Overdraft | 4,000 |

The analysis of the actual movement of money inflow and outflow in an organisation is called-

Gross profit ratio of a company was 25%, its credit revenue from operations was Rs. 20,00,000 and its cash revenue from operations was 20% of the total revenue from operations. If the indirect expenses of the company was Rs. 50,000. Calculate its net profit.

Average collection period is -

Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratio | (I) Inventory Turnover ratio | | (B) Solvency Ratio | (II) Quick Ratio | | (C) Activity (or Turnover) Ratio | (III) Price earning ratio | | (D) Profitability Ratio | (IV) Total asset to debt ratio | Choose the correct answer from the options given below:

Match List-I with List-II | List–I | List–II | | ---------------------------------------- | ---------------------------------------------------------------- | | (A) Cash Inflows & Operating Activities | (I) Proceeds from issue of preference or equity shares | | (B) Cash Inflows & Financing Activities | (II) Receipt from royalties, fees, commission and other revenues | | (C) Cash Inflows & Investing Activities | (III) Payment of Taxes | | (D) Cash Outflows & Operating Activities | (IV) Proceeds from disposal of Machinery | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Operating Activities | (I) Current Investment | | (B) Investing Activities | (II) Dividends paid on equity and preference capital | | (C) Financing Activities | (III) Cash receipt from disposal of fixed assets including intangibles | | (D) Cash equivalents | (IV) Cash receipts from royalties, fees, commissions and other revenues | Choose the correct answer from the options given below:

The standard Debt-Equity ratio is

Match List-I with List-II | List-I | List-II | |---|---| | (A) Cash Outflows from financing activities | (I) Redemption of debentures | | (B) Cash Inflows from operating activities | (II) Current Investment | | (C) Cash and cash equivalents | (III) Cash from royalties, fees, commissions and other revenues | | (D) Cash Inflows from investing activities | (IV) Cash receipt from disposal of fixed assets including intangibles | Choose the correct answer from the options given below:

Amount of Total current liabilities are:

Which of the following is not an operating activity-

The following ratios primarily measure risk: (A) Liquidity (B) Activity (C) Debts (D) Profitability Choose the correct answer from the options given below:

Financial analysis is useful and important to different users. Which of the following is not the user of Financial analysis:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Cash from Operating Activities | (I) Dividends paid on equity and preference capital. | | (B) Cash from Financing Activities | (II) Cash receipts from sale of goods and the rendering of services | | (C) Cash from Investing Activities | (III) Bank balance | | (D) Cash and cash equivalents | (IV) Cash receipt from disposal of fixed assets including intangibles. | Choose the correct answer from the options given below:

Which of the following are the objectives of Ratio Analysis? (A) To know the areas of the business which need more attention. (B) To provide a deeper analysis of the profitability, liquidity, solvency and efficiency levels in the business. (C) To know about the potential areas which can be improved with the effort in the desired direction. (D) To provide information derived from financial statements useful for making projections and estimates for the future. Choose the correct answer from the options given below:

From the following details, calculate net profit before tax: Net Profit after tax is Rs. 50,000; 15% Long-term debt 12,00,000; Tax rate 20%.

Percentage change in cash and cash equivalents

Which accounting standard is applicable for recognizing Intangible assets?

Arrange following in correct order (A) Cash and cash equivalents (B) Investing activity (C) Operating Activity (D) Financing activity Choose the correct answer from the options given below:

Choose the correct statements - (A) The financial statements of a business enterprise include cash flow statements. (B) Common size statements and financial ratios are the two tools employed in vertical analysis. (C) Financial analysis helps an analyst to arrive at a decision. (D) Comparative statements are the form of vertical analysis. Choose the correct answer from the options given below:

Which of the following is not a profitability ratio?

On the basis of information given below the closing Inventory will be Opening inventory 20,000 average inventory 40,000

A trader carries an average inventory of Rs. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit.

The ________ ratios are primarily measures of return-

Arrange As Appear In Cash Flow Statement- (A) Investing activities (B) Operating activities (C) Financing Activities (D) Cash and cash equivalents Choose the correct answer from the options given below:

Which of the following is not true about Comparative Statements-

Net Profit after tax Rs. 60,000; 10% Long-term debt Rs.10,00,000; and Tax rate 40%. The net profit before interest and tax is:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Operating activities | (I) Proceeds from long-term borrowings | | (B) Investing activities | (II) Short-term deposit | | (C) Financing activities | (III) Rent paid | | (D) Cash equivalents | (IV) Proceeds from sale of old machinery | Choose the correct answer from the options given below:

Excess value of net assets over purchase consideration at the time of purchase of business is credited to

Match List-I with List-II | List-I | List-II | |---|---| | (A) Comparative Statements | (I) These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item. | | (B) Common Size Statements: | (II) It is a technique of studying the operational results and financial position over a series of years. | | (C) Trend Analysis | (III) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm. | | (D) Ratio Analysis | (IV) These are the statements showing the profitability and financial position of a firm for different periods of time in a comparative form to give an idea about the position of two or more periods. | Choose the correct answer from the options given below:

Amount of Total Current Assets are:

Which among the following item does not appear on the balance sheet of a company?

Which of the following is not the nature of financial statements-

The current ratio is 2:1 The impact of goods purchased on credit will

Choose a pair of correct statements (A) The only purpose of financial reporting is to keep the managers informed about the progress of operations. (B) Analysis of data provided in the financial statements is termed as financial analysis. (C) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount. (D) The ratio reflects quantitative and qualitative aspects of the results. Choose the correct answer from the options given below:

Average payment period is -

Match List-I with List-II | List-I | List-II | |---|---| | (A) Comparative Statements | (I) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm. | | (B) Common Size Statements | (II) It is a technique of studying the operational results and financial position over a series of years. | | (C) Trend Analysis | (III) These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item. | | (D) Ratio Analysis | (IV) These are the statements showing the profitability and financial position of a firm for different periods of time. | Choose the correct answer from the options given below:

_________ are especially interested in the average payment period, since it provides them with a sense of the bill-paying patterns of the firm.

Match List-I with List-II | List-I | List-II | |---|---| | (A) Shareholders fund | (I) Long-term loans and advances | | (B) Non-current Liabilities | (II) Reserves and Surplus | | (C) Current Liabilities | (III) Long term provisions | | (D) Non-Current Assets | (IV) Trade payables | Choose the correct answer from the options given below:

Which of the following items are included under Reserve and Surplus : (A) Security Premium reserve (B) Revaluation reserve (C) Share option outstanding account (D) Reserve Capital Choose the correct answer from the options given below:

Arrange Financial Statements in Correct Sequence- (A) Cash Flow Statement (B) Balance Sheet (C) Profit and Loss A/c (D) Trading Account Choose the correct answer from the options given below:

Which of the following combination of statements are NOT true- (A) Financial analysis is used only by the creditors. (B) Comparative statements are the form of vertical analysis (C) The financial statements of a business enterprise include cash flow statement. (D) Ratio analysis establishes relationship between two financial statements. Choose the correct answer from the options given below:

Return on Shareholders' Funds

EPS ( Earning per share)-

Match List-I with List-II | List-I | List-II | |---|---| | (A) Reserves and Surplus | (I) Share Options Outstanding Account | | (B) Non-current Liabilities | (II) Long term provisions | | (C) Current Liabilities | (III) Short-term borrowing | | (D) Shareholder's Fund | (IV) Calls in arrear | Choose the correct answer from the options given below:

The common size statements are useful, both, in intra-firm comparisons over different years and also in making inter-firm comparisons for several years. This analysis is also known as

X Ltd. has a current ratio of 3:1 and quick ratio of 2:1. If excess of current assets over quick assets, represented by inventories is Rs. 5,000, calculate current assets and quick assets.

Match List-I with List-II Match the statements with their respective Provisions/ other name | List-I | List-II | |---|---| | (A) AS-3 | (I) Statement of profit & loss | | (B) Schedule 3 of Companies Act | (II) Cash flow statement | | (C) Financial status of the undertaking | (III) Final accounts of company | | (D) Performance report | (IV) Balance sheet | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Accounting standard rules | (I) 2013 | | (B) Companies Act | (II) 1932 | | (C) Financial statement of company | (III) 2006 | | (D) Partnership Act | (IV) Schedule III | Choose the correct answer from the options given below:

The order in which following items appear in the cash flow statement (A) Cash and cash equivalents at the end (B) Cash and cash equivalents at the beginning (C) Purchase of property (D) Proceeds from Issuance of Bonds Choose the correct answer from the options given below:

The value of long term borrowings as on 31 March 2023

Fixed deposit for the term of five years will come under which of the following?

Which accounting standard is applicable for recognizing intangible assets?

Analysis simply means __________ data.

Match List-I with List-II: | List-I | List-II | |---|---| | (Ratio) | (Formula) | | (A) Current ratio | (I) Market Price of a share/EPS | | (B) Operating Margin Ratio | (II) Current Assets/Current Liabilities | | (C) Return on Capital employed | (III) 100 - Operating Ratio | | (D) Price earning ratio | (IV) Profit before interest and tax/Capital employed X 100 | Choose the correct answer from the options given below:

Given the following information: | Particulars | Amount (Rs.) | |---|---| | Revenue from Operations | 3,40,000 | | Cost of Revenue from Operations | 1,20,000 | | Selling expenses | 80,000 | | Administrative Expenses | 40,000 | Calculate Operating ratio.

Current Ratio of the firm is:

Which among the following items is shown as the Major Head in the balance sheet of a company?

Balance Sheet provides information about financial position of the enterprise:

The current ratio of a firm is 2:1 and quick ratio is 1:1. If liabilities are Rs1,00,000 then find the value of working capital.

Arrange the given items in proper order (A) Finance cost (B) purchase of Stock in Trade (C) Cost of material consumed (D) Employee Benefit Expenses Choose the correct answer from the options given below:

Which of the following statements are True about ratio analysis- (A) A ratio reflects quantitative and qualitative aspects of results. (B) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount (C) A ratio is always expressed as a quotient of one number divided by another. (D) Ratios help in comparisons of a firm's results over a number of accounting periods as well as with other business enterprises. Choose the correct answer from the options given below:

Which transaction among the following is NOT disclosed in the cash flow statement due to the non-cash nature of the transaction.

What is the percentage change in share capital

Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratios | (I) Debt to Capital Employed Ratio | | (B) Solvency Ratios | (II) Net profit ratio | | (C) Activity Ratios | (III) Current Ratio | | (D) Profitability Ratios | (IV) Working capital Turnover Ratio | Choose the correct answer from the options given below:

Which of the following indicate limitation of Financial analysis:

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?

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:

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

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.

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:

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

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

The analysis of financial statements does not serve the purposes of

Employee benefit Expenses doesn't include

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 .....

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

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

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:

Return on Investment is

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:

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 | |---|---| | 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:

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:

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:

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:

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

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

Which of the following is not an operating activity?