Financial Statements PYQ — Page 8

Window dressing is a practice

While preparing Cash Flow Statement, purchase of goodwill is treated as:

Which one of the following are correct in connection with the Common Size Statement?

Trade Receivables Turnover Ratio and Trade Payables Turnover Ratio are categorised as:

Identify the correct sequence of the following steps involved in calculating cash flows from operating activities of a company:

Dividend received is

Calculate Trade Receivables Turnover Ratio.

Calculate Trade Payables Turnover Ratio.

Calculate the resulting cash flow and state the nature of cash flow from the following information: Acquired machinery for ₹ 3,50,000 by issuing cheque.

Calculate Average Payment Period.

Calculate Average Collection Period.

Arrange the following steps in the correct sequence of the life of a company:

Arrange the following in proper sequence while preparing Cash Flow Statement:

Which of the following will be added to operating profit before working capital changes, while preparing Cash Flow statement from indirect method?

Which of the following items are part of Intangible non current Assets: A. Patents B. Furniture C. Statement of Profit & Loss A/c (Dr) D. Goodwill E. Trademark Choose the correct answer from the options given below:

Which of the following item is not a tool of financial statement analysis?

What will be the accounting treatment of outstanding expenses in the Income and Expenditure A/c. (A) Added in main or concerned head (B) Subtracted from main head (C) Shown in Balance-Sheet as Liability (D) Will not be shown in Income and Expenditure A/c (E) Shown in Receipt and Payment A/c only Choose the correct answer from the options given below :

What will be Interest Coverage Ratio, when 20% Long term Debt is Rs. 10,00,000, Tax Rate 40% and Net profit After Tax is Rs. 6,00,000.

What is the correct sequence to prepare company's Balance Sheet as per the standard format given according to schedule III of Companies Act 2013? A. Non Current Liability B. Non Current Assets C. Shareholder's Fund D. Current Assets E. Current Liability Choose the correct answer from the options given below:

W Ltd has given you following information | Item | Amount | |---|---| | Machinery (opening Balance) | Rs. 50,000 | | Machinery (closing Balance) | Rs. 60,000 | | Accumulated Depreciation (opening balance) | Rs. 25,000 | | Accumulated Depreciation (closing balance) | Rs. 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 Activity

Tuition fee to be credited to Income and Expenditure account is:

Trade payables to be settled beyond 12 months from the date of Balance sheet or beyond the operating cycle are classified under:

The total expenses on account of salary to be debited to Income and Expenditure A/c for the year 2016-17 was:

The following are the items appearing in Equities and Liabilities side of Balance Sheet A. Deferred tax Assets (Net) B. Reserve and Surplus C. Deferred tax Liabilities (Net) D. Long term borrowings E. Long term loans and Advances Choose the correct answer from the options given below: