Financial Statements PYQ — Page 4

Match List-I with List-II | List-I | List-II | |---|---| | (A) Measure of liquidity | (I) Return on capital employed | | (B) Measure of earning capacity | (II) Inventory turnover ratio | | (C) Measure of activity of firm's inventory | (III) Profitability ratio | | (D) Measure of Productive efficiency of funds | (IV) Current ratio | Choose the correct answer from the options given below:

Which of the following is not the tool for analysis of Financial Statements-

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

Match List-I with List-II | List–I | List–II | | ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- | | (A) Profitability Ratios | (I) This refers to the ratios that are calculated for measuring the efficiency of operations of a business based on effective utilization of resources. | | (B) Activity Ratios | (II) The ability of a business to pay the amount due to stakeholders as and when it is due. | | (C) Liquidity Ratios | (III) The ability to meet its contractual obligations towards stakeholders, particularly towards external stakeholders. | | (D) Solvency Ratios | (IV) It refers to the analysis of profits in relation to revenue from operations or funds (or assets) employed in the business. | Choose the correct answer from the options given below:

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:

A company issued shares of ₹ 3,00,000 to the public. How it will be shown under the Cash Flow Statement.

Match List-I with List-II | List-I | List-II | |---|---| | (Type of Activity) | (Transaction) | | (A) Operating Activity | (I) Interest Paid on long-term borrowings | | (B) Financing Activity | (II) Cash Credit | | (C) Investing Activity | (III) Rent received on property held as investment. | | (D) Cash Equivalents | (IV) Cash purchases | Choose the correct answer from the options given below:

Trade Receivable Turnover Ratio is-

In order to bring clarity regarding the identity of ultimate owners of the company, disclosure of shares in the company held by each shareholder is required, holding more than _____ shares, specifying the number of shares held.

Revenue from operations = 4,00,000 Average Inventory = 55,000 Gross Profit Ratio = 10%. Calculate Inventory turnover ratio-

Which of the following transactions are shown under Financing activity: (A) Purchase of Furniture by issuing 1000 Shares @10 each (B) Interest paid ₹ 25,000 (C) Dividend Paid ₹ 10,000 (D) Issue of 5000 Bonus shares @ 10 each Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratio | (I) Interest Coverage Ratio | | (B) Profitability Ratio | (II) Acid-Test Ratio | | (C) Solvency Ratio | (III) Fixed Assets Turnover Ratio | | (D) Activity ratios | (IV) Return on Capital Employed Ratio | Choose the correct answer from the options given below:

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

Higher turnover ratio means:

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:

Which among the following are the commonly used tools for financial analysis? (A) Horizontal analysis (B) Vertical analysis (C) Ratio analysis (D) Trend analysis Choose the correct answer from the options given below:

Which of the following is NOT a feature of financial statements?

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 |

Which one of the following is not a tool for analyzing financial statements?

Quick Assets of the firm are:

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

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:

The manner prescribed in the revised schedule iii to the companies act, 2013, the particulars of balance sheet will appear in the order (A) Deferred tax assets (B) Deferred tax liabilities (C) Reserves and Surplus (D) Short-term provisions Choose the correct answer from the options given below:

Arrange the following outcomes in the correct order for calculating profit and loss in the common-size statement (A) Net Profit (B) Non-Operating Income (C) Revenue from Operations (D) Profit after tax Choose the correct answer from the options given below: