Financial Statements PYQ — Page 2

Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest

Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:

Auditor issues Annual report of company refering to___.

Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:

'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:

Which entries are correct in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013- (A) The shareholders' funds are sub-classified as Share Capital, Reserves and Surplus & Money received against Share Warrants. (B) Reserves and Surplus include Revaluation Reserve. (C) Both tangible and intangible assets are current assets. (D) Deferred tax assets/liabilities are always non-current. Choose the correct answer from the options given below:

The current ratio is 2.5 : 1. Current assets are Rs. 50,000 and current liabilities are Rs. 20,000. How much must be the reduction in the current assets to bring the ratio to 2 : 1

Calculate credit revenue from operations using following information: Total revenue from operations : Rs 4,00,000, Cash received from operations are 25% of Credit revenue from operations.

Profit before interest and tax-

Operating expense ratio is

The main advantage of ratio analysis is.

An annual report is issued by a company to its --------------.

Which statements are true- (A) The financial statements of a business enterprise include cash flow statement. (B) Comparative statements are the form of horizontal analysis. (C) Ratio analysis help business in identifying the problem areas. (D) Financial analysis is used only by the creditors. Choose the correct answer from the options given below:

Arrange the following balance sheet items in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013- (A) Current Assets (B) Shareholder's Funds (C) Non-current Liabilities (D) Non-Current Assets (E) Current Liabilities Choose the correct answer from the options given below:

Arrange the following under the heading Equities and Liabilities in balance sheet of a company. (A) Non-current liabilities (B) Current liabilities (C) Shareholders fund (D) Share application money pending allotment Choose the correct answer from the options given below:

Calculate the Current Ratio from the following information: | Particulars | (Rs.) | |---|---| | Inventories | 50,000 | | Trade receivables | 50,000 | | Advance tax | 4,000 | | Cash and cash equivalant | 30,000 | | Trade payables | 1,00,000 | | Short-term borrowings (bank overdraft) | 4,000 |

Arrange As Appear in Balance sheet as prescribed in part I of schedule III of the Companies act 2013- (A) Non-current liabilities (B) Current liabilities (C) Current Asset (D) Shareholders fund Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Comparative statements | (I) Operating Activities | | (B) Common Size Statement | (II) Horizontal Analysis | | (C) Cash flow Analysis | (III) Debt Equity Ratio | | (D) Ratio Analysis | (IV) Vertical Analysis | Choose the correct answer from the options given below: 1. (A) - (II), (B) - (IV), (C) - (I), (D) - (III) 2. (A) - (IV), (B) - (II), (C) - (I), (D) - (III) 3. (A) - (II), (B) - (III), (C) - (IV), (D) - (I) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Which combination of the following activities are financing activities- (A) Proceeds from issue of equity share capital. (B) Purchase of goodwill. (C) Proceeds from long-term borrowings. (D) Interim dividend paid on equity shares. Choose the correct answer from the options given below:

Cash received from the issue of debenture for a trading organization is.

The net profits made during the year are Rs. 50,000. Machine purchased during the year was for Rs 40,000 and non current investment sold were for Rs 1,00,000. Then during the year the cash flow from investing activities will be equal to:

The _________ may indicate that the firm is experiencing stockouts and lost sales.

If, Total assets = Rs. 3,00,000 Non-current liabilities = Rs. 80,000 Shareholders fund = Rs. 2,00,000 Non-current assets: Fixed assets = Rs. 1,60,000 Non-current investments = Rs. 1,00,000. Then, Current Ratio is:

Cash flow statement is part of financial statements as per The Companies Act 2013 and prepared in accordance with Accounting Standard_____.