1. Consider the following (1)
Name of Account
Opening Balance
Closing Balance
Cash in Hand
Rs. 25,000
Rs. 37,000
Bank Overdraft
Rs. 60,000
Rs. 40,000
Cash Credit
Rs. 16,000
Rs. 10,000
State net amount of increase in cash and cash equivalents.
2. State with reason whether the following would result in inflow, outflow and no flow of cash: (1)
(i) Charging depreciation of furniture
(ii) Cash withdrawn from bank for office use.
3. Write the name of methods of presentation of cash flow from operating activities. (1)
4. The accountant of Priya Ltd. While preparing Cash Flow Statement added loss on sale of fixed assets to net profit for calculating cash flow from operating activities. Was he correct in doing so? Give reason. (1)
6. From the following data, prepare a Common-size Statement of Profit and Loss of Teak Wood ltd: (4)
Particulars
2014-2015
2013-2014
Revenue from Operations
49,70,000
51,73,000
Other Incomes
40,000
35,000
Purchase of Stock-in-trade
33,20,000
40,50,000
Changed in Inventories
1,00,000
(90,000)
Other expenses
1,50,000
1,70,000
7 ( a) From the following information, Calculate Trade Receivables Turnover Ratio: (4)
Particular
(Rs.)
Credit Revenue from Operations
9,60,000
2 / 4
Gross Debtors
1,90,000
Bills Receivable
50,000
Provision for Doubtful Debts
10,000
(b) From the given information, Calculate:
(i) Gross Profit Ratio
(ii) Inventory Turnover Ratio (Rs.)
Opening inventory 20,000
Revenue from Operations 5,00,000
Net Purchases 3,00,000
Carriage Inwards 30,000
Carriage Outwards 15,000
Closing Inventory 40,000
8. Under which major headings and sub-headings will be following times be shown in the balance Sheet of Company as per Schedule III Part I of the Companies Act, 2013: (4)
(i) Public deposits for 5 years (ii) Vehicle
(iii) Bank overdraft (iv) Brand
(v) Work-in-progress (vi) Debenture Redemption Reserve
(vii) Surplus in Statement of Profit and Loss (viii) Trade investments.
9 (a) Calculate Net Profit Ratio on Profit before Tax and after Tax: (4)
Net Profit after Tax Rs. 1,80,000; Revenue from operations Rs. 20,00,000;
Rate of tax 40%
(b) The current ratio of a Company is 2:1. State with reasons which of the following
Will increase, reduce or not change the ratio:
(i) Purchase of inventory of Rs. 2,00,000 on credit.
(ii) Issue Rs. 2,00,000 debentures to the vendors of furniture and fixture
10. Uttam Ltd. engaged in the manufacturing of woolen garments. It decided to help the weaker section of society by donating woolen clothes and blankets during winter season. Following is the Comparative Balance Sheet of the company as at 31.03.2014 and 31.03.2015: (5)
Particulars
Note No.
31.03.2015
(Rs.)
31.03.2015
(Rs.)
Absolute change (Rs.)
(+/-)
Percentage change (%)
(+/-)
I. .EQUITY AND LIABILITIES
1. Shareholders’ Funds:
3 / 4
(a) Share Capital
(b) Reserves and Surplus
2. Non-Current Liabilities:
Long term Borrowings
3. Current Liabilities;
Trade Payables
15,00,000
4,00,000
6,00,000
2,00,000
20,00,000
3,00,000
9,00,000
3,00,000
5,00,000
(1,00,000)
3,00,000
1,00,000
33.3
(25)
50
50
TOTAL
27,00,000
35,00,000
8,00,000
29.6
II. ASSETS
1. Non-Current Assets:
(a) Fixed Assets
(i) Tangible Assets
(ii) Intangible Assets
2. Current Assets:
(a) Inventories
(b) Cash and Cash Equivalents
15,00,000
6,00,000
4,00,000
2,00,000
20,00,000
9,00,000
3,00,000
3,00,000
5,00,000
3,00,000
(1,00,000)
1,00,000
33.3
50
(25)
50
TOTAL
27,00,000
27,00,000
8,00,000
29.6
You are required to calculate Debt Equity Ratio for both the years.
11. Prepare a Cash Flow Statement from the following Balance Sheet: (6)
Particulars
Note No.
31.03.2015 (Rs.)
31.03.2014
(Rs.)
I. EQUITY AND LIABLILITIES
1. Shareholders' Funds:
(a) Share Capital
(b) Reserves and Surplus
2. Non-Current liabilities;
(a) Long-term Borrowings
3. Current Liabilities
(a) Short Term Borrowings
(b) Trade payables
(c) Short-term Provisions
1
2
3
6,00,000
3,08,000
30,000
50,000
1,90,000
40,000
5,00,000
1,82,000
60,000
32,000
1,90,000
60,000
TOTAL
12,18,000
10,24,000
II. ASSETS
1. Non-Current Assets:
(a) Fixed Assets:
(i)Tangible
(ii)Intangible
(b) Non-Current Investments
2. Current Assets
(a) Current Investment
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
3,02,000
70,000
90,000
18,000
98,000
6,30,000
10,000
2,00,000
80,000
1,50,000
14,000
1,40,000
4,20,000
20,000
TOTAL
12,18,000
10,24,000
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