Financial Statements PYQ — Page 13

Operating Profit before working capital changes will be Rs. ________

Operating Expenses include A. Rent paid B. Interest paid on loan C. Selling and Distribution Expenses D. Commission Received E. Salaries Paid Choose the correct answer from the options given below:

On 1st April 2020, the balance of furniture of ABC Ltd. was Rs. 20,000. During the year furniture costing Rs. 4,000 was sold at a gain of Rs. 3,000. Depreciation was charged on it Rs. 5,000. The balance of furniture on 31.3.21 was Rs. 28,000. The amount of furniture purchased was :

Nitin Ltd. provides you the following information. | Particulars | 1 April 2021 | 31 March 2022 | |---|---|---| | Machinery | 2,40,000 | 3,50,000 | | Accumulated Depreciation | 50,000 | 45,000 | During the year, a machine costing Rs. 90,000 with accumulated depreciation of Rs. 31,500 was sold for Rs. 52,000. Calculate Cash Flow from Investing Activities on the basis of the above information.

Net profit before tax will be Rs. ________

Match the following with regard to company's Balance Sheet. | List I | List II | |---|---| | A. Shareholders funds | I. Furniture and Fittings | | B. Current liabilities | II. Prepaid expenses | | C. Current Assets | III. Calls in Advance | | D. Non current assets | IV. Surplus of Balance on statement of P and L | Choose the correct answer from the options given below:

Match the following with regard to Cash Flow Statement | List I | List II | |---|---| | A. Operating activity | I. Raising of loan | | B. Investing activity | II. Current investment | | C. Financing activity | III. Selling of investment | | D. Cash and Cash equivalent | IV. Buying of raw material | Choose the correct answer from the options given below:

Match List I with List II | List I | List II | |---|---| | A. Operating Activities | I. Issue of shares | | B. Investing Activities | II. Bank Balance | | C. Financing Activities | III. Sale and purchase of goods and services | | D. Cash and cash equivalent | IV. Buying of fixed assets | Choose the correct answer from the options given below:

Match List I with List II | List I | List II | | --- | --- | | A. Liquidity Ratio | I. Proprietary Ratio | | B. Solvency Ratio | II. Current Ratio | | C. Activity Ratio | III. Earning per Share | | D. Profitability ratio | IV. Current assets turnover ratio | Choose the correct answer from the options given below:

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Cash Equivalents | I. | Interim Dividend paid | | B. | Financing Activities | II. | Selling & Distribution expenses paid | | C. | Operating Activities | III. | Marketable securities | | D. | Investing Activities | IV. | Dividend received on Shares held as investment | Choose the correct answer from the options given below:

Match List I with List II | List I | List II | |---|---| | A. Debt Equity Ratio | I. Primarily indicates the rate of external funds in financing assets. | | B. Total assets to Debt ratio | II. Higher proportion provides security to creditors | | C. Proprietary ratio | III. It reveals the efficiency of business in utilization of funds | | D. Return on Investment | IV. It measures degree of indebtness of an enterprise | Choose the correct answer from the options given below:

Match List I with List II | List I | List II | |---|---| | A. Intangible Assets | I. Provision for taxation | | B. Short term provision | II. Trade creditor | | C. Long term borrowings | III. 10% debentures | | D. Current liabilities | IV. Goodwill | Choose the correct answer from the options given below:

Match List I with List II | | LIST I: Major Head | | LIST II: Sub Head | |---|---|---|---| | A. | Fixed assets | I. | Short term provisions | | B. | Current Assets | II. | Money received against share warrants | | C. | Current Liabilities | III. | Non current investment | | D. | Shareholder's Funds | IV. | Inventories | Choose the correct answer from the options given below:

Match List I with List II in context g cashflow statement | | LIST I | | LIST II | |---|---|---|---| | A. | Sale of fixed asset | I. | Outflow in operating activities | | B. | Purchase of Goodwill | II. | Inflow in Investing Activities | | C. | Tax Paid | III. | Outflow in Investing Activities | | D. | Dividend Paid | IV. | Outflow in Financing Activities | Choose the correct answer from the options given below:

Match List - I with List - II | List - I | List - II | | --- | --- | | (a) Honorarium | (i) Asset side of balance sheet | | (b) Life Membership Fees | (ii) Credited to Income and Expenditure Account | | (c) General Donations | (iii) Debited to Income and Expenditure Account | | (d) Outstanding subscription | (iv) Credited to Capital Fund | Choose the correct answer from the options given below :

Match List - I with List - II | List - I | List - II | | --- | --- | | (a) Working Capital Turnover Ratio | (i) $\frac{\text{Quick Assets}}{\text{Current liabilities}}$ | | (b) Acid Test Ratio | (ii) $\frac{\text{Operating Profit}}{\text{Rev. from operations}} \times 100$ | | (c) Operating Profit Ratio | (iii) $\frac{\text{Revenue from operation}}{\text{Working capital}}$ | | (d) Trade Payables Turnover Ratio | (iv) $\frac{\text{Net Credit Revenue from operation}}{\text{Average Trade payables}}$ | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Operating Activities | (I) Issue of equity shares | | (B) Investing Activities | (II) Purchase of Marketable securities | | (C) Financing Activities | (III) Cash sales | | (D) Cash Equivalent | (IV) Purchase of fixed assets | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Receipts and Payment A/c | (I) Special fund | | (B) Capital receipt | (II) Life membership fees | | (C) Match fund | (III) Accrual basis | | (D) Income and Expenditure A/c | (IV) Cash basis | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Bank overdraft | (I) Non cash item | | (B) Dividend received | (II) Financing activity | | (C) Provision for doubtful debts | (III) Operating activity | | (D) Cash received from sale of goods | (IV) Investing activity | Choose the correct answer from the options given below :

Make the right combination of the ratios that enables to find the short term liquidity A. Return on Equity B. Acid Test Ratio C. Sacrificing Ratio D. Inventory Turnover Ratio E. Current Ratio Choose the correct answer from the options given below:

Make the right combination of the ratios that enables to find the short term liquidity. (a) Return on Equity (b) Acid Test Ratio (c) Current Ratio (d) Sacrificing Ratio (e) Inventory Turnover Ratio Choose the most appropriate answer from the options given below :

Long-term solvency is indicated by:

Life Membership fees of Rs.25,000 is

Land donated by neighbor is