Financial Statements PYQ — Page 3

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)

The two basic measures of liquidity are:

The current ratio of a firm is 2:1 and quick ratio is 1:1. If liabilities are Rs1,00,000 then find the value of working capital.

ABC Ltd. has given you the following information: | | Rs. | |---|---| | Machinery as on April 01, 2024 | 50,000 | | Machinery as on March 31, 2025 | 60,000 | | Accumulated Depreciation on April 01, 2024 | 25,000 | | Accumulated Depreciation on March 31, 2025 | 15,000 | During the year, a Machine costing Rs. 25,000 with Accumulated Depreciation of Rs. 15,000 was sold for Rs. 13,000. Calculate cash flow from Investing Activities on the basis of the above information.

The balance sheet provides information about the financial position of an enterprise:

Calculate 'Liquid Ratio' from the following information: | Current liabilities | Rs. 50,000 | |---|---| | Current assets | Rs. 80,000 | | Inventories | Rs. 20,000 | | Advance tax | Rs. 5,000 | | Prepaid expenses | Rs. 5,000 |

The analysis of financial statements does not serve the purposes of

Net Profit after tax Rs. 60,000; 10% Long-term debt Rs.10,00,000; and Tax rate 40%. The net profit before interest and tax is:

Match List-I with List-II | List-I | List-II | |---|---| | (Book/Theory proposed/Characteristic, etc.) | (Author/Thinker/Name of Theory, etc.) | | (A) comparative statement | (I) study the operational results over the series of years. | | (B) common size statement. | (II) express the relationship between various items of financial statement. | | (C) trend analysis. | (III) study the relationship between two or more years. | | (D) ratio analysis. | (IV) express each item as a percentage of the common base or item. | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Operating activities | (I) Proceeds from long-term borrowings | | (B) Investing activities | (II) Short-term deposit | | (C) Financing activities | (III) Rent paid | | (D) Cash equivalents | (IV) Proceeds from sale of old machinery | Choose the correct answer from the options given below:

Which among the following items is shown as the Major Head in the balance sheet of a company?

Which among the following is NOT the feature of the Presentation of the Financial Statement?

The items in the "statement of profit and loss", for the Revenue from operations DON'T include: If it is a non-finance company

Which among the following is NOT TRUE about the financial statement?

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 |

Match List-I with List-II | List-I | List-II | |---|---| | (A). Liquidity Ratio | (I). Receivable Turnover Ratio | | (B). Solvency Ratio | (II). Quick Ratio | | (C). Activity (or Turnover) Ratio | (III). Earning Per Share Ratio | | (D). Profitability Ratio | (IV). Debt to Equity Ratio | Choose the correct answer from the options given below:

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:

If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:

The analysis of the actual movement of money inflow and outflow in an organisation is called-

Arrange the following Cash Flows from Operating Activities in sequence as per indirect method- (A) Income Tax Paid (B) Net Profit/Loss before Tax and Extraordinary Items (C) Operating Profit before Working Capital changes (D) Effects of Extraordinary Items relating to operating activity. Choose the correct answer from the options given below:

Which of the following is not the nature of financial statements-

As per AS-26 assets like goodwill should be written off .

Cash Inflows from Financing Activities does not include-

Reserve and surplus are shown under the _________________________ in the balance sheet of a company.