Financial Statements PYQ — Page 9

The closing value of Building as on 31.3.2017 was:

Tax paid on capital gains by the company is shown in Cash Flow Statement as :

Subscription Received in Advance is a :

Separate disclosure of cash flow arising from Financial Activities is important because

Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -

Pick the odd one out while Calculating Cash Flow from Financing Activities :

| Particulars | Amount (Rs.) | |---|---| | Inventory at the beginning | 40,000 | | Credit Purchase | 1,60,000 | | Inventory at the end | 38,000 | | Trade payable at the beginning | 14,000 | | Trade payable at the end | 14,500 | Cash paid for inventory is:

Other income is Rs. 5,00,000 which is 25% of Revenue from operations. Employees benefit Expenses are 30% of the Revenue from operation. Tax rate is 40%. Net profit after tax will be :

Non-Cash transactions will be excluded from :

Net Capital Employed is equal to : (A) Fixed Assets + Current Assets - Long term liabilities (B) Non current Assets + Current Assets - Current liabilities (C) Fixed Assets + Current Assets - Equity (D) Equity + Debt (E) Current Assets - Current liabilities Choose the correct answer from the options given below :

Match List I with List II | LIST I | LIST II | |---|---| | A. Capital Reserve | I. Current Assets | | B. Inventories | II. Non-Current Liabilities | | C. 8% Debentures | III. Current Liabilities | | D. Provision for tax | IV. Reserve and Surplus | Choose the correct answer from the options given below:

Match List I with List II | LIST I | LIST II | |---|---| | A. Operating Profit Ratio | I. Solvency Ratios | | B. Working Capital Turnover Ratio | II. Liquidity Ratios | | C. Debt-Equity Ratio | III. Activity Ratios | | D. Quick Ratio | IV. Profitability Ratios | Choose the correct answer from the options given below:

Match List I with List II | LIST I | LIST II | |---|---| | A. Current Maturities of long term Debt | I. Other Non-Current Liabilities | | B. Securities Premium | II. Short term Borrowing | | C. Outstanding salaries | III. Other Current Liability | | D. Premium on Redemption of Debentures | IV. Reserves and Surplus | Choose the correct answer from the options given below:

Match List I with List II | LIST I | LIST II | |---|---| | A. Employee benefit expenses | I. Investing activity | | B. Dividend received | II. Operating activity | | C. Loan raised | III. Extraordinary item | | D. Proceeds from earthquake disaster management | IV. Financing activity | Choose the correct answer from the options given below:

Match List I with List II | LIST I | LIST II | |---|---| | A. Horizontal Analysis | I. Common size statement | | B. Vertical Analysis | II. Comparative statement | | C. External Analysis | III. Access to all published and unpublished information | | D. Internal analysis | IV. Access only to published information | Choose the correct answer from the options given below:

Match List I with List II | LIST I | LIST II | |---|---| | A. Interest charges | I. Employees Benefit Expenses | | B. Sale of services | II. Other incomes | | C. Salary | III. Revenue from Operations | | D. Dividend Income | IV. Finance cost | Choose the correct answer from the options given below:

Match List - I with List - II. | List - I | List - II | |----------|-----------| | (A) Current Ratio | (I) Solvency Ratios | | (B) Inventory Turnover Ratio | (II) Liquidity Ratios | | (C) Return on Investment | (III) Profitability Ratios | | (D) Proprietory Ratio | (IV) Activity Ratios | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Share Capital | (I) 10% debenture | | (B) Reserve and Surplus | (II) Interest accrued and due | | (C) Non-current Liability | (III) Share forfeited account | | (D) Current Liability | (IV) Capital Redemption Reserve | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |----------|-----------| | (A) The Accounting basis for Cash Flow Statement is | (I) Investment in shares | | (B) Dividend paid on Equity and Preference capital comes under | (II) Cash Basis | | (C) It can not be considered as cash and cash equivalents | (III) Treasury bills | | (D) It can be classified as cash and cash equivalents | (IV) Cash outflow from Financing Activities | Choose the correct answer from the options given below :

Loss on sale of furniture is

Intangible assets should be recognised by fulfilling the criteria as recognised under :

If there appears a Tournament Fund, then the expenses incurred on Tournament activities will be shown :

If the credit side of Receipt and Payment A/c is more than the debit side then the difference will be shown as :

Identify the term that is used to show the amount received as per the will of a deceased person.