Financial Statements PYQ — Page 12

What is gross profit ratio? Gross sales Rs. 7,60,000 Sales returns Rs. 40,000 Net Profit after interest Rs. 40,000 Indirect expenses Rs. 60,000 Interest paid on debentures Rs. 20,000

What are the different types of liquidity ratios A. Interest coverage ratio B. Current ratio C. Inventory turnover ratio D. Gross profit ratio E. Acid test ratio Choose the correct answer from the options given below:

We add depreciation in order to find out operating profit before working capital changes :

Vertical analysis uses financial data of a company for:

Value of 12% government securities as at 31 March 2021 was Rs. 85,000 which were purchased at that date at par. Additional 12% securities worth Rs. 50,000 were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. 9,000 calculate Accrued interest on 31 March, 2022.

Treatment of construction of pavilion is

There are 500 members in a Rotary club, who provide medical services to poor people in backward area. Each member pays 1,000 Rs. as subscription. During financial year 100 members paid partial subscription of Rs.80,000. 10 members left without giving yearly subscription. Amount received during current financial year will be

The term Financial Analysis includes

The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022. Additional Information provided is as follows : | Details | 31st March 2021 | 31st March 2022 | | --- | --- | --- | | Stock of sports Materials | Rs. 8,000 | Rs. 6,000 | | Creditors | Rs. 18,000 | Rs. 5,000 | Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

The ratios calculated to measure the short term commitments of business is

The main objective of common size statement of profit and loss is:

The ideal Debt Equity Ratio is :

The comparative financial statements show:

The commonly used Techniques of financial Statements Analysis includes : (A) Common size statements (B) Ratio Analysis (C) Trend Analysis (D) Capital Budgeting Statement Choose the correct answer from the options given below :

The closing balance of Receipts and Payments Account depicts _________.

Sports material consumed during financial year 2022-2023 will be of

Separate disclosure of cash flows from ________ activities is important because they represent the extent to which expenditure have been made for resources intended to generate future income and cash flows:

Sale of copy rights are considered as a part of

Receipt and Payment a/c for the year ending 31.3.22. | Locker Rent | Rs.17,050 | |---|---| Additional Information: Locker rent Rs.3,050 outstanding for the year 2020-21 and Rs.1,500 for 2021-22. Locker rent received on advance at the end of current year i.e on 31.3.22 is Rs.1,000. What amount of Locker Rent will be shown in Income and Expenditure A/c? Choose the correct option:

Rearrange the following items in a sequence while preparing common size statement. (A) Calculate percentage of the total as per common base (B) Prepare the format of Balance sheet and Profit and Loss A/c (C) List out absolute figures in rupees at two points of time (D) Choose a common base Choose the correct answer from the options given below :

Purchase of goodwill is considered in _______ activity while making Cash Flow Statement.

Payment made for stationary during the year 2021 - 22 is Rs. 46,000. Stock of stationary as on 1-4-2021 Rs. 8,000 Stock of stationary as on 31-3-2022 Rs. 6,000 Advance for stationary as on 1-4-2021 Rs. 18,000 Advance for stationary as on 31-3-2022 Rs. 5,000 What will be the amount of stationary consumed during the year 2021 - 22 ?

Operating Profit Ratio of XYZ Ltd. is 60%. The operating ratio of XYZ Ltd. is:

Operating profit before working capital charges amounted to Rs.85,000. The following further information is given | | 31.3.2020 (Rs.) | 31.3.2019 (Rs.) | |---|---|---| | Cash | 36,000 | 30,000 | | Trade receivable | 18,000 | 12,000 | | Provision for tax | 9,000 | 8,000 | | Trade payables | 20,000 | 16,000 | | Bank over draft | 18,000 | - | The Net cash flow from operating activities after tax is.