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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 2101. |
Form the following information, calculate Change in inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade Rs 5,00,000 and Rs 4,50,000 respectively. |
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| 2102. |
(Forfeiture and Reissue of Shares). Complete the following Journal entries: |
Answer» SOLUTION :
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| 2103. |
Forwhom theanalysis of financial statements is not significant? |
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Answer» Investor |
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| 2104. |
For whom analysis of financial statements is not significant? |
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Answer» POLITICAL ADVISER of PRIME Minister |
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| 2105. |
For each of the following transactions, calculate the resulting Cash Flow and state the nature of Cash Fiow, ie., whether it is Operating, Investing or Financing Activity: (a) Acquired mnachinery for ₹2,50,000 paying 20% by cheque and executing a bond for thebalancepayable. (b)Paid ₹2,50,000 to acquire shares in informa Tech Ltd and received a dividend of ₹ 50,000 afteracquisition. (c)Sold machinery oforiginal cost of ₹ 2,00,000 with an accumulated deprectionof ₹ 1,60,000 for ₹ 60,000 |
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| 2106. |
Following was the Balance Sheet of Sreshtha Ltd. As on 31st March, 2014:Notes to AccountsPrepare a Cash Flow Statement after taking into account the following adjustment: During the year, a piece of machinery costing Rs. 30,000 on which accumulated depreciation was Rs. 6,000, was sold for Rs. 20,000. |
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Answer» SOLUTION :(i) Cash Flow from OPERATING Activities = Rs. 2,80,000. (ii)Cash Used in Investing Activities = Rs. 8,10,000. (iii)Cash Flow from FINANCING Activities = Rs. 6,00,000. (iv) Net Increase in Cash and Cash Equivalents = Rs. 70,000. Working Notes: 
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| 2107. |
Followingwas the Balance Sheet of M.M Ltd., as at 31st March 2015: Additional Infromation : 1. 12% Debenture were redeemed on 31st March , 2015. 2. Tax ₹ 70,000 was paidduringthe year. Prepare Cash Flow Statement. |
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Answer» CashUsed in INVESTING Activities = ₹ 4,07,000; CashFlow FORM FinancingActivities = ₹ 90,000; NET Increase in Cash and Cash Equivalents = ₹ 20,000. |
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| 2108. |
Following Receipt and Payment Account was prepared from the cash book of Delhi Charitable Trust for the year ending December 31, 2017 Receipt and Payment Account for the year ending December 31, 2017 Prepare Income and expenditure account for the year ended December 31, 2017, and a balance sheet as on that date after the following adjustments: (a) It was decided to treat one-third of the amount received on account of donation as income. (b) Insurance premium was paid in advance for three months. (c) Interest on investment Rs.1,100 accrued was not received. (d) Rent Rs.600: salary Rs.900 and advertisement expenses Rs.1,000 outstanding as on December 31, 2018. |
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| 2109. |
Following is the Trial Balance of Perfect Solutions Ltd. as at 31st March, 2019: The Board of Directors of Perfect Solutions Ltd. had proposed the following appropriations: (i) To declare equity dividend "@"10% (previous year "@"9%) on paid-up capital. (ii) To pay dividend on the Preference Share Capital in full. (iii) To transfer Rs 25,000 to Debentures Redemption Reserve. (iv) To transfer Rs 2,00,000 to General Reserve. You are required to prepare Statement of Profit and Loss in as much detail as possible for the year ended 31st March, 2019 and the Balance Sheet of the company as at that date as per Schedule III of the Companies Act, 2013. Note: Ignore the Income Tax. |
Answer»    1. Proposed Dividend for the year ended 31ST March, 2019 is RS 20,000 (9% on Equity Shares) and Rs 6,000 (6% on Preference Shares). 2. Transfer to Debentures REDEMPTION Reserve and General Reserve and proposed Dividend on Equity Shares and Preference Shares for the year ended 31st March, 2018 are items of appropriation from Surplus, i.e., Balance in Statment of Profit and Loss. |
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| 2110. |
Following is the Statement of Profit and Loss of Moon India Ltd. For the year ended 31st March, 2015:The motto of Moon India Ltd. Is to produce and distribute green energy in the backward areas of India. It has also taken up a project of giving vocational training to the girls belonging to the backward areas of Rajasthan. You are required to prepare a Comparative Statement of Profit and Loss of Moon India Ltd. from the given Statement of Profit and Loss and also identify any two values that the company wishes to convey to the society. |
Answer» Solution : Values: 1. PROMOTING ENVIRONMENT friendly way of PRODUCING energy. 2.Development of backward areas and providing employment to girls in RURAL areas. |
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| 2111. |
Following is the Receipts and Payments Account of Queen's Club for the year ended 31st March, 2018: Following addittional information is provided: (i) Sibscriptions include Rs12,000 for 2016-17 and Rs18,000 for 2018-19. (ii) Stock of stationery on 31st March, 2017 and 2018 was Rs7,200 and Rs5,400 respectively. (iii) Stock of sports material in the begining and at the end of the year was Rs12,000 and Rs21,000 respectively. (iv) Rent included Rs4,000 paid for March, 2017 Rent for March, 2018 is outstanding (v) Telephone expenses include Rs3,000 as quarterly rent up to 31at May, 2018. (vi) The value of Building on 31st March, 2017 was Rs8,00,000 and you are required to write off depreciation at 10% (vii) The value of Investment on 31st March, 2017 was Rs10,00,000 and the club made similar additional Investments during the year on 1st October, 2017 You are required to prepare the Income and Expenditure Account of the club for the year ended 31st March, 20108 |
Answer» Solution : `{:("Calculate of interest on INVESTMENTS:",Rs),(Rs10","00","00xx6//100,"60,000"),("Rs"5","00","000xx6//100xx6//12,underline("15,000")),("TOTAL interedt Due","75,00"),("Less, interest RECEIVED during the YEAR","65,000"),("Interest accrued but not received",underline underline overline ("10,000")):}` 2. Donations being not for specific purpose, are credited to Income and Expenditure Account. |
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| 2112. |
Following is the Receipts and Payments Account of Literacy Club for the year ended 31st March, 2018: Additional information (i) Sulsciptions outstanding on 31st March, 2017 were Rs2,000 and on 31st March, 2018 Rs2,500. (ii) On 31st March 2018 salary outstanding was Rs600 and rent outstanding was Rs 1,200. ltbr) (iii) The club owned Furniture Rs 15,000 and Book Rs7,000 of 1st April, 2017. Prepare the Income and Expenditure Account of the club for the year ended 31st March, 2018 and ascertain Capital Fund on 31st March, 2017. |
Answer» Solution :  Note: ALTHOUGH the above BALANCE Sheet is ont asked in the question, YET is given for more CLARITY. |
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| 2113. |
Following is the Receipt and Payment Account of Women’s Welfare Club for the year ended December 31, 2017: Receipt and Payment Account for the year ending December 31, 2017 Additional Information: Prepare Income and Expenditure Account for the year ended December 31, 2017 and Balance Sheet as on date. |
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| 2114. |
Following is the Receipts and Payments Account of Indian Sports Club for the year ended 31st March, 2018: Other Information On 31st March, 2018 subscriptions outstanding were Rs. 2,000 and on 31st March, 2017 subscriptions outstanding were Rs.3,000. Salary outstanding on 31st March, 2018 was Rs.1,500. On 1st April, 2017, the club had Building Rs.75,000, Furniture Rs.18,000, 12% Investments Rs.30,000 and Sports Equipments Rs30,000. Depreciation charged on these items including purchases of Billiard Table was 10% Prepare the Income and Expenditure Account of the club for the year ended 31at March 2018 and ascertain the Capital Fund on 31st March, 2017, |
Answer» Solution : Notes: 1. Legace (Donation) is credited to Income and Expenditure Account, it being not for SPECIFIC purpose. 2. Although the above BALANCE Sheet is not ASKED in the QUESTION, yet it is given for more clarity. |
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| 2115. |
Following is the Receipt and Payment Account of Women’s Welfare Club for the year ended December 31, 2017: Receipt and Payment Account for the year ending December 31, 2017 Additional Information: Prepare Income and Expenditure Account for the year ended December 31, 2017 and Balance Sheet as on date. |
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| 2116. |
Following is the Receipt and Payment account of Rohatgi Trust : Receipt and Payment Account for the year ending December 31, 2017 Prepare Income and expenditure account for the year ended December 31, 2017, and a balance sheet as on that date after the following adjustments: Subscription for 2017, still owing were Rs. 7,000.Interest due on defence bonds was Rs.7,000, Rent still owing was Rs. 1,000. The Book value of investment sold was Rs. 80,000, Rs. 30,000 of the investment were still in hand. Subscription received in 2017 included Rs. 400 from a life member. The total furniture on January 1, 2017 was worth Rs.12,000. Salary paid for the year 2018 is Rs.2,000. |
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| 2117. |
Following is the Receipt and Payment Account of Friendship Club in respect of the Year on 31.3.2016. Additional Information : 1. There are 500 members, each paying an annual subscription of Rs. 50, Rs. 17,500 being in arrears for 2014-15 at the beginning of 2015-16. During 2014-15, subscriptions were paid in advance by 40 members for 2015-16. 2. Stock of stationery on March 31, 2015, was Rs. 1,500 and on March 31, 2016, Rs. 2,000. 3. On March 31, 2016, the rates and taxes were prepaid to the following January 31, the annual charge being Rs. 1,500. 4. A quarter’s charge for telephone is outstanding, the amount accrued being Rs.1,500. There is no change in quarterly charge. 5. Sundry expenses accruing at 31.3.2015 were Rs. 250 and at March 31, 2016 Rs. 300. 6. On March 31, 2015 Building stood in the books at Rs. 2,00,000 and it is required to write off depreciation @ 10% p.a. 7. Value of 8% Government Securities on March 31, 2015 was Rs. 75,000 which were purchased at that date at Par. Additional Government Securities worth Rs. 25,000 are purchased on March 31, 2016. You are required to prepare: (a) An Income and Expenditure Account for the year ended on 31.3.2016 (b) A Balance Sheet on that date. |
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Answer» Solution :Books of FRIENDSHIP Club Balance Sheet as on MARCH 31, 2015  Income and Expenditure Account for the year ENDING on March 31, 2015   Verification: 500 × 50 = 25000. Balance Sheet of Friendship Club as on March 31, 2016 
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| 2118. |
Following is the Receipt and Payment Account of an Entertainment Club for the period April 1, 2016 to March 31, 2017. Receipt and Payment Account for the year ending March 31, 2017 Additional Information 1. The club had 225 members, each paying an annual subscription of Rs. 500. Subscription outstanding as on 31 March 2016 Rs. 15,000. 2. Telephone bill outstanding for the year 2016-2017 is Rs. 2,000. 3. Locker Rent Rs. 3,050 outstanding for the year 2015-16 and Rs. 1,500 for 2016-17. 4. Salary outstanding for the year 2016-17 Rs. 4,000. 5. Opening Stock of Printing and stationery Rs. 2,000 and closing stock of printing and stationery is Rs. 3,000 for the year 2016-17. 6. On 1st April 2016 other balances were as under: 7. Depreciation Furniture and Building @ 12.5% and 5% respectively assuming that it is on reducing balance for the year ending March 31,2017 Prepare Income and Expenditure account and Balance Sheet as on that date. |
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Answer» Solution :Book of Entertainment Club Income and Expenditure ACCOUNT for the year ending on March 31, 2017  Balance SHEET of Entertainment Club as on March 31, 2016  Balance Sheet of Entertainment Club as on March 31, 2017 
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| 2119. |
Following is the Receipt and Payment Account of Indian Sports Club, prepared Income and Expenditure Account, Balance Sheet as on December 31, 2015: Receipt and Payment Account for the year ending December 31, 2017 Other Information: Subscription outstanding was on December 31, 2016 Rs.1,200 and Rs.3,200 onDecember 31, 2017. Locker rent outstanding on December 31, 2017 Rs.250. Salary outstanding on December 31, 2017 Rs.1,000. On January 1, 2017, club has Building Rs.36,000, furniture Rs.12,000, Sports equipments Rs.17,500. Depreciation charged on these items @ 10% (including Purchase). |
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| 2120. |
Following is the information given in respect of certain items of a Sports Club. Show these items in the Income and Expenditure Account and the Balance Sheet of the Club: |
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| 2121. |
Followingis theextractof theBalancesheetof NeelkantandMahadev as on31st March, 2019 . Duringthe yearMahadev 'sdrawingwereRs. 30,000 profitduringthe year ended31stMarch, 2019isRs. 10,00,000calcaluateintereston capital@5%p.a . for theyear ending 31stMarch, 2019 |
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| 2122. |
Followingis theBalanceSheetsof A and B, whoshared Profitsand Lossesin theratio of 2:1, asat1st April, 2019: On theabovedate,thepartners changed theirprofits -Sharingratio of 3:2. For thethispurpose, the goodwillof the firmwas valued at ₹ 3,00,000.The partnes also agreed for thefollowing: (a) The valueof Landand Buildingwill be ₹5,00,000. (b)Reserveis to be maintained at ₹3,00,000. (c) The total capital of the partners in thewill be ₹ 6,00,000, whichwillbeshared by thepartners in theirnew profits-sharingratio. Prepare Revalutions Account,Partner's CapitalAccountand the Balance Sheetof thereconstituted frim. |
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| 2123. |
Following is the Balance Sheet of Vinit and Yogesh as on 31st March, 2015 The firm was dissolved on 31st March, 2015. The assets were realised and th eliabilities were paid as under: (a) Vinit promised ot pay off Mrs. Vinit's Lone and took away stock at 20% discount. (b) Yogesh tool away 90% of the investments at 10% discount. (c) Sunil, a debtor of Rs 50,000 had pay the amount due 3 months after the date of dissolution. He was allowed a discount of 5% for making payment immediately. The remaining debtors were collected in full. (d) Creditors were paid Rs 3,50,000 in full settlement of their claim. (e) Fixed Assets realised Rs 2,82,000 and remaining investment realised Rs 7,500. (f) There was an old furniture which has been written off completely from the books. Yogesh took away the same for Rs 4,000. (g) Realisation expenses Rs 2,000 were paid by Vinit. Prepare Realisation Account, Bank Account and Partners' Capital Accounts. |
Answer» SOLUTION :
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| 2124. |
Following is the Balance Sheet of X Ltd. Sales for the following ratios , (i) Total Assets Turnover Ratio, (ii) Fixed Assets Turnover Ratio, and (iii) Current Assets Trunover Ratio. |
| Answer» SOLUTION :[(i) 1.07 TIMES ,(II) 1.78 Times , (III) 2.67Times .] | |
| 2125. |
Following is the Balance Sheet of Prateek, Rockey and Kushal as on March 31, 2017.Rockey died on June 30, 2017. Under the terms of the partnership deed, the executors of a deceased partner were entitled to:a) Amount standing to the credit of the Partner’s Capital account.b) Interest on capital at 5% per annum. c) Share of goodwill on the basis of twice the average of the past three years’ profit andd) Share of profit from the closing date of the last financial year to the date of death on the basis of last year’s profit.Profits for the year ending on March 31, 2015, March 31, 2016 and March 31, 2017 were Rs. 12,000, Rs. 16,000 and Rs. 14,000 respectively. Profits were shared in the ratio of capitals.Pass the necessary journal entries and draw up Rockey’s capital account to be rendered to his executor. |
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| 2126. |
Following is the Balance Sheet of Punita, Rashi and Deema who are sharing profits in the ratio of 2:1:2. as on 31st March, 2013: Punita died on 30th September, 2013. She had withdrawn 44,000 from her capital on 1st July, 2013. According to the partnership agreement, she was entitled to interest on capital @8% p.a. Her share of profit till the date of death was to be calculated on the basis of the average profits of the last three years. Goodwill was to be calculated on the basis of three thimes the average profits of the last four years. The profits for the years ended 2009-10,2010-11 and 2011-12 were Rs 30,000, Rs 70,000 and Rs 80,000 respectively. Prepare Punita's account to be rendered to her executors. |
| Answer» Solution :Amount DUE to Punita's Exectors-Rs 1,22,880. Punita's Interest on Capital-Rs 4,880, Share of Profit till Death -Rs 6,000, Punita's Share in Firm's Goodwill -Rs 36,000, which is CONTRIBUTED by RASHI an d Seema in their Gaining RATIO, i.e., `1:2.` | |
| 2127. |
Following is the Balance Sheet of Sreshtha Ltd. As on 31st March, 2014:Notes to AccountsPrepare a Cash Flow Statement after taking into account the following adjustment: During the year, a piece of machinery costing Rs. 40,000 on which accumulated depreciation was Rs. 30,000, was sold for Rs. 9,000. |
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Answer» Solution :(i) CASH Flow from Operating ACTIVITIES = Rs. 2,71,000. (ii)Cash USED in Investing Activities = Rs. 13,31,000. (iii)Cash Flow from FINANCING Activities = Rs. 12,00,000. (iv)Net INCREASE in Cash and Cash Equivalents = Rs. 1,40,000. |
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| 2128. |
Following is the Balance Sheet of Solar Power Ltd. As at 31st March, 2014:Additional Information: During the year, a piece of machinery costing Rs. 48,000 on which accumulated depreciation was Rs. 32,000, was sold for Rs. 12,000.Prepare Cash Flow Statement. |
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Answer» SOLUTION :(i) Cash Flow from Operating ACTIVITIES. = Rs. 3,06,000. (ii) Cash USED in Investing Activities = Rs. 5,76,000. (iii) Cash Flow from FINANCING Activities = Rs. 3,40,000. (iv) Net INCREASE in Cash and Cash Equivalents = Rs. 70,000. Working Notes: 
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| 2129. |
Following is the Balance Sheet of Amit and Vidya as at 31st March, 2014, On the above date, Chintan was admitted as a partner for 1/4th share in the profits of the firm with the following terms, (i) Rs 2,900 will be written off as Bad Debts. (ii) Stock was teken over by Vidya at Rs 35,000. (iii) Goodwill of the firm was valued at Rs 40,000. Chintan brought his share of goodwill premium is cash. (iv) Chinta brought proportionate capital of the other partnes were adjusted on the basis of Chintan's Capital. For this necessary cash was to be brought in or paid of to the partners as the case may be. Prepare Revaluation Account and Partners' Capital Accounts. |
| Answer» Solution :Gain (Profit) on Revalulation: Rs 4,100, Partner'sCapital Accounts: Amit - Rs 74,550, VIDYA - Rs 74,550 and Chintan - Rs 49,700. New Profit-sharing Ratio of Amit, Vidya and Chintan-`3:3:2.` Amit will WITHDRAW Rs 42,500, Vidya will BRING Rs 42,500 and Chintan will bring Rs 49,700. | |
| 2130. |
Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:Notes to AccountsAdditional Information:(i)Additional loan was taken on 1st July, 2016.(ii) Tax of Rs. 53,000 was paid during the year.Prepare Cash Flow Statement. |
Answer» Solution : Working Notes: `{:("1. Calculation of Net PROFIT before Tax and Extraordinary Items:"," RS"),("CLOSING Balance as per Surplus, i.e., Balance in Statement of Profit and Loss ","25,000"),("Less: Opening Balance as per Surplus, i.e., Balance in Statement of Profit and Loss ",ul"1,20,000"),(,("95,000")),("Add: Provision for Tax (WN 2) ",ul"51,000"),("Net Loss before Tax and Extraordinary Items ",ulul("44,000")):}`  `{:("3. Calculation of Interest on 10% Long-term LOAN: "," Rs"),("Interest on 10% Lon-term Loan" ("Rs. 60,000"xx10//100),"6,000"),("Add: Additional Loan" ("Rs. 20,000"xx10//100xx9//"12"),ul"1,500"),("Total Interest on Loan",ulul"7,500"):}` |
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| 2131. |
Following information was extracted from the Statement of Profit and Loss for the years ended 31st March, 2012 and 2013. Prepare Comparative Statement of Profit and Loss: |
Answer» SOLUTION :
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| 2132. |
Following information is available of XYZ Ltd for the year ended 31st March, 2019: Net Profit before Interest and Tax ₹2,75,000, Net Profit after Tax ₹2,20,000, Net Profit after Interest and Tax₹ 1,10,000, Preference Dividend₹ 35,000, Capital Ermployed ₹ 11,00,000, Total Assets ₹ 12,65,000, Net Worth, i.e., Shareholders' Funds ₹ 7,50,000. Calculate: (i) Return on Capital Employed, (ii) Return on Total Assets, (iii) Return onSharehoders Funds |
| Answer» SOLUTION :(i) 25% (II) 8.70 % (III) 10 % | |
| 2133. |
FollowingdifferenceshavearisanamongP,Q and RStatewho is correctin eachcase: (a)P usedRs. 20,000belongingtothefirmandmadea profitof Rs. 5,000Qand Rwantthe amountto begivento thefirm ( b)Q used Rs. 5,000belongingto thefirmand incurred loss of Rs. 1,000 He wantthefirm to beartheloss ? ( c)P and Qwant topurchase goodsforma LtdR does notagree ? ( D)Q and R want to admicC aspatners P does notagree ? |
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Answer» Solution :(a) must PAY -Rs. 25,000, (B) Q must pay Rs. 5,000, ( c)Goodsmay be BOUGHT from A ltd , (d)C cannotbeadmitted . |
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| 2134. |
Following balances have been extracted from the books of Rama Ltd. On 31st March, 2019: Equity Share Capital (1,00,000 Equity Shares of Rs 10 each) Rs 10,00,000, Securities Premium Reserve Rs 2,00,000, 12% Debentures Rs 4,00,000, Creditors Rs 2,00,000, Provision for Tax Rs 50,000, Surplus, i.e., Balance in Statement of Profit and Loss (Debit) Rs 50,000, Land and Building Rs 9,00,000, Government Bonds Rs 5,00,000, Capital Work-in-Progress (Building) Rs 3,50,000 and Cash at Bank Rs 50,000. Debentures were issued on 1st April, 2017 redeemable after 5 years, i.e., on 31st March, 2022. Prepare Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013. |
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| 2135. |
Following balances appeared in Machinery Account and Accumulated Depreciation Account in the books of Jai Bharat Ltd.:Additional Information: Machinery costing Rs. 2,65,000 on which accumulated depreciation was Rs. 1,00,000, sold for Rs. 75,000. You are required to:(i) Compute amount of machinery purchasel, depreciation chareged for the year and loss on sale of machinery.How shall each of the items related to machinery be shown in Cash Flow Statement? |
Answer» Solution : (II) (a) Purchase of MACHINERY of Rs. 11,41,465 is an Investing Activity and also an outflow of cash. (b) Sale of machinery for Rs. 75,000 is an Investing Activity and also an INFLOW of cash. Depreciation PROVIDED Rs. 2,34,895 and loss on sale of machinery of Rs. 90,000 will be added back to Net Profit before Tax and Extraordinary Items while COMPUTING Cash Flow from Operating Activities. |
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| 2136. |
Following are the Balance Sheets of Krishna Ltd. As on 31st March, 2014 and 2013:Prepare Cash Flow Statement after taking into account the following adjustment:Tax paid during the year amounted to Rs. 70,000. |
Answer» SOLUTION : Working Notes: `{:("1. CALCULATION of Net Profit Before TAX and Extraordinary Items:"," Rs"),("Difference between Closing and Opening Balances of Surplus, i.e., Balance in Statement of Profit and Loss","1,00,000"),("Add: Provision for Tax (WN 2)",ul"90,000"),("Net Profit before Tax and Extraordinary Items",ulul"1,90,000"):}` 
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| 2137. |
Followingare the Balance Sheets ofMevanca Limited as at 31st Marach, 2014 and 2013. (i) Additional loan was takenon 1st July , 2016. (ii) Tax of ₹ 53,000 was paid duringthe year. Prepare Cash Flow Statement . |
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| 2138. |
Followingare the Balance Sheetsof Krishtec Ltd.,for theyears 31st March2012 and 2011. Perpare a Cash FlowStatementafter takinginto accountthe followingadjustments: (a) Thecompany paidinterest ₹ 36,000 onitslong-terms brrowings. (b)Depreciationcharged on tangible fixed assets was ₹ 1,20,000. |
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| 2139. |
Followimgarethe Balance Sheetof SolarPower Ltd., as at 31st March, 2014 and 2013. Additional Information: Duringthe year, a piece of machinery costing ₹ 48,000 on whichaccumulated depreciationwas ₹ 32,000 was soldfor ₹ 12,000. Perpare Cash Flow Statement. |
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| 2140. |
Following analysis is based on one year's data |
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Answer» HORIZONTAL ANALYSIS |
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| 2141. |
Following analysis is based on one year's data : |
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Answer» HORIZONTAL ANALYSIS |
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| 2142. |
Followimgis the Balance Sheetof Fine Products Ltd.,as at 31st March , 2019: |
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Answer» Cash USED in INVESTING ACTIVITIES = ₹ 73,000; Cash Flow from Financing Activites = ₹ 11,000; Net increase in Cash and Cash Equivalents=₹ 11,000. |
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| 2143. |
Fixed Deposits appear in a Company's Balance Sheet under : |
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Answer» CURRENT Assets |
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| 2144. |
Fixed assets of ₹ 51,000 appear in the Balance Sheet on the date of dissolution of the firm . They realised at a loss of 2 % on net collection . What amount is collected from such assets ? |
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Answer» Solution :Let the FIXED assets REALISED = ₹ 100 , LOSS , i.e., 2% of₹100 =₹2 , Book value of fixed assets =₹102 . AMOUNT realised from fixed assets =100/102 `xx`₹51,000 =₹50,000. |
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| 2145. |
Fixed Assets Rs. 5,00,000, Current Assets Rs. 3,00,000, Equity Share Capital Rs. 4,00,000, Reserve Rs. 2,00,000, Long-term Debts Rs. 40,000. Proprietary Ratio will be : |
| Answer» ANSWER :A | |
| 2146. |
Fixed Assets (Gross) Rs 1000000, Accumulated Depreciation Rs 500000, Non-Current Investments Rs 50,000, Long-terms Loans and Advances Rs 200000, Currents Assets Rs 250000, Current Liabilities Rs 1000000, Long-term Borrowings Rs 325000, Long-term Provisions Rs 275000. Calculate Total Assets to Debt Ratio. |
| Answer» SOLUTION :Total Assets bto DEBT Ratio =`("Total Assets")/("Debt")=(RS 1000000)/(Rs 600000)=1.67:1` | |
| 2147. |
Fixed Assets (at cost)₹ 30,00,00, Accumulated Depreciation till date ₹ 5,00,000 , Trade Investments₹ 2,50,000: Current Assets ₹ 11,00,000, Currents Liabilities ₹ 8,50,000, Cash Sales₹ 10,00,000, Gross Credit Sales Return ₹ 2,50,000 .Calculate Employed Trunover Ratio. |
| Answer» SOLUTION :CAPITAL EMPLOYED Turnover Ratio = 1.67 Times | |
| 2148. |
Fixed Assets ₹ 4,00,000, working Capital ₹ 2,00,000, Cost of Goods Sold ₹ 20,00,000, Gross Sold ₹ 20,00,000, Gross profit ₹ 4,00,000 .Calculate Captial Employed Trunover Ratio |
| Answer» SOLUTION :Capital Employed Turnover Ratio =4 TIMES | |
| 2149. |
Fixed assests of a company increased from Rs 3,00,000 to Rs. 4,00,000 . What the percentage of change ? |
| Answer» ANSWER :B | |
| 2150. |
Finserve Ltd.is carrying on a Mutual Fund business.It invested ₹30,00,000 in shares and ₹15,00,000 In debentures of various companies during the year. It received ₹3,00,000 as dividend and interest Find out Cash Flow from Investing Activities |
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