Financial Statements PYQ — Page 11

An annual report is furnished by a company to its :

Amount received from the sale of furniture for Rs. 7000 (Book value Rs. 10,000). The amount to be shown in receipts and payments account will be :

A part of fixed Assets costing Rs. 2,00,000 (Book value Rs. 1,50,000) was sold at a gain of Rs. 10,000. How it will affect the cash flow statement?

X Ltd. sold machinery having a book value of Rs. 25,000 (on which accumulated depreciation of Rs. 5,000 had been charged) at a profit of Rs. 3,000. The cash flow from investing activities will be :

X Ltd. has a Current Ration of 3.5 : 1 and Quick Ratio of 2 : 1. If excess of current assets over quick assets represented by inventories is Rs. 24,000. Calculate current liabilities.

While preparing common-size Balance sheet, each item of Balance sheet is expressed as % of

Which one of the following statements is true?

Which one of the following statement is false?

Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?

Which one of the following is not true?

Which one of the following is not a 'Cash Outflow'?

Which one of the following activities relate to financing activities?

Which one higher ratio is not favourable?

Which of the following transaction will increase Current Ratio but will decrease Debt Equity Ratio?

Which of the following ratios is not a profitability ratio?

Which of the following is not included in Non-current liabilities, while preparing a Balance Sheet of a company :

Which of the following is an in flow of cash in financing activity?

Which items are not added to the net profit for calculating cash from operating activities? (I) Interest and dividend received (II) Transfer to reserves (III) Discount on issue of shares (IV) Loss on sale of fixed assets

Which among the following items appear in the Receipt and Payment Account ? (A) Life membership fees (B) Depreciation of fixed assets (C) Provision of doubtful debts (D) Profit/loss on sale of fixed assets Choose the correct answer from the options given below :

Which among the following are the non-cash items? A. Deferred Tax B. Goodwill write-off C. Depreciation D. Increase in Stock Choose the correct answer from the options given below:

Which among the following are sources of cash inflow from Investing Activities ? (A) Dividend Received from investment (B) Cash Receipt from Disposal of shares (C) Cash Receipt from Disposal of Fixed Assets (D) Cash proceeds from issuing Shares and Debentures Choose the correct answer from the options given below :

When the ratio is low, the firm is said to have favourable indication.

What is the Cash flow from investing activities?

What is Gross Profit Ratio if? Total sales Rs. 6,00,000 Sales returns Rs. 50,000 Cost of goods sold Rs. 4,40,000