Accountancy, asked by satvik7277, 9 months ago



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(ii) Cash withdrawn from bank for office use.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

Answers

Answered by Anonymous
4

Answer:

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Explanation:

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