Financial Statements PYQ — Page 10

Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.

Identify the salient features of Income and Expenditure account from the following: A. It is prepared on accrual basis. B. It includes both revenue as well as capital items. C. It is prepared after taking into account the additional information regarding outstanding/prepaid expenses and depreciation etc. D. Its result is surplus or deficit. E. It is prepared with the help of Receipts and Payments Account. Choose the correct answer from the options given below:

Identify the ratio which is not computed for evaluating solvency of the business.

Identify the other name by which Liquid ratio is known :

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company. (A) Trade payable (B) Non-Current Investments (C) Deferred tax Liabilities (D) Intangible Assets (E) Long term borrowing Choose the correct answer from the options given below :

Identify the cash transaction from the following :

Find out cost of medicine consumed during 2020-21. | Particulars | Amount (Rs.) | |-------------|--------------| | Payment to creditors of medicines | 3,70,000 | | Creditors for medicines purchased on 1.04.2020 | 25,000 | | Creditors for medicines purchased on 31.03.2021 | 17,000 | | Stock of Medicines on 1.04.2020 | 62,000 | | Stock of Medicines on 31.03.2021 | 54,000 | | Advance to suppliers on 1.04.2020 | 11,000 | | Advance to suppliers on 31.03.2021 | 18,000 |

Find out cash form financing Activities from the following information. | Item | Amount | |---|---| | Issue of Equity Shares | Rs. 80,000 | | Redemption of Preference Shares | Rs. 30,000 | | Interim Dividend Paid | Rs. 25,000 | | Interest on Debentures | Rs. 15,000 | | Issue of Debentures | Rs. 30,000 |

Every company analyse its earning capacity of the business which is outcome of utilisation of resources employed in the business. To analyse profitability company can use: A. Dividend Payout Ratio B. Return on Net Worth C. Gross Profit Ratio D. Quick Ratio E. Inventory Turnover Ratio Choose the choose answer from the option given below:

Depreciation on furniture is:

Current liabilities include : (A) Trade receivables (B) Unclaimed dividend (C) Interest accrued but not due on loan (D) Acceptances (E) 12% debentures redeemable after four years Choose the correct answer from the options given below :

Common Size Statements are also known as :

Cave Ltd. made a profit of Rs. 1,50,000 after charging depreciation of Rs. 30,000 on assets and a transfer to general reserve of Rs. 30,000. The Goodwill amortised was Rs. 9,000 and gain on sale of machinery was Rs. 5,000. Operating profit before working capital changes will be :

Cash equivalents refers to : (A) Demand deposits with Bank (B) Bills receivables (C) Treasury bill (D) Commercial Paper (E) Marketable Securities Choose the correct answer from the options given below :

Capital gain tax paid on sale of fixed assets should be classified as _______

Calculate the amount of cash from sale of machinery from the following items : A machine costing Rs. 20,000 having book value of Rs. 15,000 is sold for Rs. 12,000 and depreciation charged during the year was Rs. 8,000. The opening and closing balance in machinery account was Rs. 1,80,000 and Rs. 1,72,000 respectively.

Calculate subscription of current year to be credited to Income and Expenditure account from the following information : Subscription Received Rs. 80,000, Subscription Received in Advance Last year Rs. 10,000, Subscription Received in Advance during this year Rs. 2,000 and Accrued Subscription at the end of current year Rs. 5,000 :

Calculate cash flow from financing Activities of X Ltd. which is a financing company. Issue of shares Rs. 1,00,000 Issue of Bonus shares Rs. 50,000 Dividend paid Rs. 10,000 Interest paid Rs. 5,000

Calculate and state the nature of activity under cash flow statement : Acquired Machinery for Rs. 5,00,000 paying 50% by cheque and executing a bond for the balance payable :

C Ltd made a profit of Rs. 10,000 after charging depreciation of Rs. 2,000 on Assets, transfer to General Reserve Rs. 3,000, Written off Goodwill Rs. 700, Profit on sale of Asset Rs. 300, increase in Debtors Rs. 300, increase in creditors Rs. 600, increase in prepaid expenses Rs. 20 and decrease in outstanding expenses Rs. 200. What will be the cash from operating activities?

Arrange the following items of statement of profit and Loss in a sequence. (A) Total Revenue (B) Revenue from Operations (C) Other Income (D) Expenses (E) Profit Before Tax Choose the correct answer from the options given below :

Arrange the following in the context of Statement of Profit and Loss. A. Other income B. Expenses C. Total Revenue D. Revenue from operation E. Profit before tax and extra-ordinary item Choose the correct answer from the options given below:

Arrange the following in the context of Cash Flow Statement A. Calculation of cash flow from Operating Activities B. Calculation of cash flow from Financing Activities C. Calculations of net increase/decrease in cash and cash equivalent during the year D. Calculation of cash flow from Investing Activities E. Calculation of net profit before tax and extraordinary item Choose the correct answer from the options given below:

Aradya Ltd. had debt equity ratio of 2.5 : 1. State which of the following transaction will not effect the Debt Equity Ratio :