Financial Statements PYQ — Page 6

Employee benefit Expenses doesn't include

Dividend received for a trading (non financing) organization is.

Dividend paid by a company to its shareholder is classified as which type of activity under cash flow statement?

Current Ratio of the firm is:

Current liabilities does not include:

Compute Earning per share from following information | Net profit after tax but before dividend | 1,75,000 | |---|---| | Equity shares of Rs. 10 each | Rs. 7,00,000 | | Dividend declared @15% | | | Market price of a share | Rs.13 |

Choose the correct statements - (A) The financial statements of a business enterprise include cash flow statements. (B) Common size statements and financial ratios are the two tools employed in vertical analysis. (C) Financial analysis helps an analyst to arrive at a decision. (D) Comparative statements are the form of vertical analysis. Choose the correct answer from the options given below:

Choose a pair of correct statements (A) The only purpose of financial reporting is to keep the managers informed about the progress of operations. (B) Analysis of data provided in the financial statements is termed as financial analysis. (C) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount. (D) The ratio reflects quantitative and qualitative aspects of the results. Choose the correct answer from the options given below:

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

Cash Inflows from Financing Activities does not include-

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

Cash advances and loans made by financial enterprises are usually classified as ___________ activity.

Calulate Current Ratio from the following information: | Particulars (Rs.) | Amount (in Rs) | |---|---| | Inventories | 60,000 | | Trade receivables | 60,000 | | Advance tax | 4,000 | | Cash and cash equivalents | 50,000 | | Trade payables | 1,30,000 | | Bank Overdraft | 4,000 |

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 |

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 |

Calculate Gross profit ratio from following info | Revenue from operations | 3,40,000 | |---|---| | Cost of revenue from operations | 1,20,000 |

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.

Balance Sheet provides information about financial position of the enterprise:

Average Trade payables is-

Average payment period is -

Average collection period is -

Auditor issues Annual report of company refering to___.

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

Arrange the given items in proper order (A) Finance cost (B) purchase of Stock in Trade (C) Cost of material consumed (D) Employee Benefit Expenses Choose the correct answer from the options given below: