Financial Statements PYQ — Page 15

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.

Comparative Statements are also known as:

Following items are categorised under Operating Activities: A. Purchase of Goodwill B. Transfer to General Reserve C. Issue of fresh shares D. Gain on sale of machinery 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:

Net profit before tax will be Rs. ________

Operating Profit before working capital changes will be Rs. ________

From among the following, choose the item which would be mentioned in financing activity also:

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

Cash from operating activities before tax will be Rs. ________

Cash flow from Operating Activities will be Rs. ________

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 :

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 :

If there is Revenue from Operation Rs. 1,20,000 and gross profit is 20% of cost, then the amount of gross profit will be :

The ideal Debt Equity Ratio is :

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 :

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 :

From the following information of X Ltd, calculate Cash Flow from Financing Activities. | | April 1, 2021 | March 31, 2022 | |---|---|---| | Long-term Loan | 2,00,000 | 2,60,000 | During the year, the company repaid a loan of Rs. 1,00,000. Long-term loan carried interest rate of 10%. The loan was repaid on 1st April 2021 and a fresh loan was taken on 31st March 2022.

For calculating EPS, the following order will be followed. (A) Calculate number of equity shares (B) Calculate earning available for equity share holders (C) Compute profit after tax (D) Compute EPS 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 :

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.

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 :

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.

From the following information calculate how much amount of depreciation will be shown in the Income and Expenditure A/c for the year 2021-22 : | | As on 31 March, 2021 | As on 31 March, 2022 | |---|---|---| | Furniture | Rs. 1,80,000 | Rs. 1,60,250 | Furniture worth Rs. 8,000 was sold for Rs. 10,000 on 1 April, 2021.

Calculate subscription received during the year 2021-22 from the following information : Amount of subscription credited to Income and Expenditure A/c for the year ended 2021-22 Rs. 1,05,000 Subscription received in advances as on 31 March, 2022 Rs. 10,000 Subscription received in advances as on 31 March, 2021 Rs. 7000 Subscription outstanding as on 31 March, 2021 Rs. 10,500 Subscription outstanding as on 31 March, 2022 Rs. 20,500