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Financial Statements Questions

Practice 360 Financial Statements questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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360
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198
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142
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20
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Practice by Exam:Accountancy(292)CUET Accountancy(67)Physics(1)

About Financial Statements — practice questions, PYQs & concepts

Financial Statements is a frequently-tested topic on Accountancy, CUET Accountancy, Physics. ExamTest.live currently lists 360 Financial Statements questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Financial Statements weight in competitive exams

Across our Financial Statements question bank, the largest sources are Accountancy (292), CUET Accountancy (67) and Physics (1). Click any exam chip above to drill down to that exam-specific question set.

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All Financial Statements Questions(1–100 of 360)

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Q1mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Other income of a corporate entity is , which constitutes of its Revenue from Operations. Employees Benefit Expenses are valued at of the Revenue from Operations. Assuming a tax rate of , find the Net Profit After Tax (PAT).
Q2easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Common-Size Statements, which analyze financial statements by converting each line item into a percentage of a common base item, are also known as:
Q3mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Match List - I with List - II.
image
Choose the correct answer from the options given below:
Q4mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Calculate the total cost of medicines consumed during the financial year 2020-21 based on the following information:
image
Q5mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Cash equivalents refer to short-term, highly liquid investments that are readily convertible into known amounts of cash. From the elements given below, identify which components are categorized under Cash Equivalents as per AS-3:(A) Demand deposits with Bank(B) Bills receivables(C) Treasury bill(D) Commercial Paper(E) Marketable SecuritiesChoose the correct answer from the options given below:
Q6mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Net Capital Employed is mathematically equivalent to which of the following expressions?(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 liabilitiesChoose the correct answer from the options given below:
Q7mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
A company acquires machinery worth . It pays of the amount immediately by cheque and executes a bond for the remaining balance. Determine the net cash impact and the nature of the activity for the Cash Flow Statement:
Q8easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Identify the odd item out when calculating Cash Flow from Financing Activities:
Q9easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
An old piece of furniture with a book value of is sold for . What amount will be recorded, and on which side, in the Receipts and Payments Account of an NPO?
Q10mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Identify the transaction from the options below that involves an actual inflow or outflow of cash/cash equivalents:
Q11mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Aradya Ltd. maintains a Debt-Equity ratio of . Which of the following transactions will not affect its Debt-Equity Ratio?
Q12easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
An annual report containing audited accounting statements and operational reviews is officially furnished by a company to its:
Q13easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
If a designated Fund balance such as a "Tournament Fund" exists in the books of a Non-Profit Organisation (NPO), then the explicit expenses incurred on executing such tournament activities must be shown:
Q14easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
33% accuracy
Match List - I with List - II.
image
Choose the correct answer from the options given below:
Q15mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Identify which of the following items are classified under Current Liabilities in a corporate Balance Sheet as per Schedule III of the Companies Act, 2013:(A) Trade receivables(B) Unclaimed dividend(C) Interest accrued but not due on loan(D) Acceptances(E) debentures redeemable after four yearsChoose the correct answer from the options given below:
Q16easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
[Context based on Hero Ltd.] Hero Ltd. issued shares and made investments, including buying shares of TATA Ltd. At the end of the year, TATA Ltd. paid as a dividend to Hero Ltd.Dividend received by Hero Ltd. would be classified under which activity?
Q17easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
[Context based on Hero Ltd.] Dividend paid by TATA Ltd. is categorized under which activity for TATA Ltd. itself?
Q18easymcqCUET AccountancyCUET 2025 31 May Shift 12026
0% accuracy
Which of the following is not the nature of financial statements-
Q19mediummcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
[Context based on Hero Ltd.] Hero Ltd. decided to issue shares of each at a premium of per share (issue price ).The amount collected as Security Premium Reserve will be shown under which cash flow activity?
Q20easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Purchase of goodwill is considered in _______ activity while making Cash Flow Statement.
Q21easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Financial Statements of a company do not include:
Q22easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Common Size Statements are also known as:
Q23easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
The term Financial Analysis includes:
Q24mediummcqCUET AccountancyCUET 2025 31 May Shift 12026
0% accuracy
Arrange the following Cash Flows from Operating Activities in sequence as per indirect method-(A) Income Tax Paid(B) Net Profit/Loss before Tax and Extraordinary Items(C) Operating Profit before Working Capital changes(D) Effects of Extraordinary Items relating to operating activity.Choose the correct answer from the options given below:
Q25easymcqCUET AccountancyCUET 2025 31 May Shift 12026
0% accuracy
Which of the following is not an operating activity-
Q26easymcqCUET AccountancyCUET 2025 31 May Shift 12026
0% accuracy
The analysis of the actual movement of money inflow and outflow in an organisation is called-
Q27easymcqCUET AccountancyCUET 2025 31 May Shift 12026
0% accuracy
The two basic measures of liquidity are:
Q28easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Match List I with List II:
image
Choose the correct answer from the options given below:
Q29mediummcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Interest paid on debentures by a manufacturing company would be:
Q30mediummcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Cash Advance and Loan made to a third party (other than made by a financial enterprise) is classified as:
Q31easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
The ratios calculated to measure the short term commitments of business is:
Q32hardmcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
[Context based on Hero Ltd.] Hero Ltd. undertook the following investment activities:Purchased Building: Purchased Furniture: Purchased Machinery: Purchased shares of TATA Ltd. ( face value): Dividend received from TATA Ltd.: What is the net Cash flow from investing activities?
Q33easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Identify the Cash Outflow from Financing Activity:
Q34easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Match List I with List II:
image
Choose the correct answer from the options given below:
Q35mediummcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Which of the following transactions will increase the Current Ratio but will decrease the Debt Equity Ratio?
Q36easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
The comparative financial statements show:
Q37easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
The commonly used Techniques of financial Statements Analysis includes :(A) Common size statements(B) Ratio Analysis(C) Trend Analysis(D) Capital Budgeting StatementChoose the correct answer from the options given below :
Q38easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
What is Gross Profit Ratio if?Total sales Rs. Sales returns Rs. Cost of goods sold Rs.
Q39mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Long-term solvency is indicated by:
Q40easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Which of the following is not included in Non-current liabilities, while preparing a Balance Sheet of a company :
Q41easymcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Operating Profit Ratio of XYZ Ltd. is . The operating ratio of XYZ Ltd. is:
Q42easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Financial statements are:
Q43mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Cash flow statement helps in which form of financial planning?
Q44easymcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Earning Capacity of a Company is measured by:
Q45easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
If the net operating profit of the business is Rs. and the debtors have decreased during the year by Rs. . Cash from operations is:
Q46mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
How sale of equipment Rs. (Book value Rs. ) should be shown in the cash flow statement?
Q47easymcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Sale of copy rights are considered as a part of
Q48easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
If there is Revenue from Operation Rs. and gross profit is of cost, then the amount of gross profit will be :
Q49mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
In common size statement, if revenue from operations are Rs. and other incomes are Rs. , then the percentage of 'Total Revenue from Operations' to 'Revenue from operations' will be:
Q50easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Match List - I with List - II
image
Choose the correct answer from the options given below:
Q51mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Payment made for stationary during the year 2021 - 22 is Rs. 46,000.Stock of stationary as on 1-4-2021 Rs. 8,000Stock of stationary as on 31-3-2022 Rs. 6,000Advance for stationary as on 1-4-2021 Rs. 18,000Advance for stationary as on 31-3-2022 Rs. 5,000What will be the amount of stationary consumed during the year 2021 - 22?
Q52easymcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Comparative Statements are also known as:
Q53easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Income and Expenditure Account is prepared on (a)_________ basis, while Receipts and Payments Account is prepared on (b)_________ basis.
Q54mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.
Additional Information provided is as follows:
image
Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.
Q55mediummcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Which among the following items appear in the Receipt and Payment Account ?(A) Life membership fees(B) Depreciation of fixed assets(C) Provision of doubtful debts(D) Profit/loss on sale of fixed assetsChoose the correct answer from the options given below :
Q56easymcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Match List I with List II
image
Choose the correct answer from the options given below:
Q57mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
On 1st April 2020, the balance of furniture of ABC Ltd. was Rs. 20,000. During the year furniture costing Rs. 4,000 was sold at a gain of Rs. 3,000. Depreciation was charged on it Rs. 5,000. The balance of furniture on 31.3.21 was Rs. 28,000. The amount of furniture purchased was:
Q58mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Which one of the following is not true?
Q59mediummcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Calculate prize fund expenses incurred during the year 2021-22 from the following informationPrize fund as on 1 April, 2021 Rs. Donation received for Prize Fund Rs. Prize Fund Investment Rs. Interest Received Rs. Interest Accrued Rs. Prize fund as on 31 March, 2022 Rs.
Q60easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Common size statements are the form of:
Q61easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Rearrange the following items in a sequence while preparing common size statement.(A) Calculate percentage of the total as per common base(B) Prepare the format of Balance sheet and Profit and Loss A/c(C) List out absolute figures in rupees at two points of time(D) Choose a common baseChoose the correct answer from the options given below :
Q62easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
A low stock turnover ratio indicates:
Q63mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Which among the following are the non-cash items?A. Deferred TaxB. Goodwill write-offC. DepreciationD. Increase in StockChoose the correct answer from the options given below:
Q64mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Collections from book debts:
Q65easymcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
If the net profit earned during the year is Rs. and the amount of Bills receivables in the beginning and the end of the year is Rs. and Rs. respectively, then cash flow from operating activities will be:
Q66mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Which one higher ratio is not favourable?
Q67easymcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
From the following information of I Ltd., calculate Net Increase / Decrease in cash and cash equivalents during the year 2021-22.i) Cash flow from Operating Activities: Rs. ii) Cash used in investing Activities: Rs. iii) Cash flow from financing activities: Rs.
Q68easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
According to AS-3, cash proceeds from issue of share is:
Q69mediummcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Which among the following are sources of cash inflow from Investing Activities ?(A) Dividend Received from investment(B) Cash Receipt from Disposal of shares(C) Cash Receipt from Disposal of Fixed Assets(D) Cash proceeds from issuing Shares and DebenturesChoose the correct answer from the options given below :
Q70mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Which one of the following statement is false?
Q71easymcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Separate disclosure of cash flows from ________ activities is important because they represent the extent to which expenditure have been made for resources intended to generate future income and cash flows:
Q72mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Identify the items NOT be shown under Investing Activities while making Cash Flow statement.(a) Proposed Dividend(b) Purchase of non-current Investments(c) Interest paid on long term borrowings(d) Sale of machinery(e) Marketable securities Choose the most appropriate answer from the options given below:
Q73easymcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
If debentures are converted into equity shares, it is a/an : _____
Q74mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Calculate Current Ratio from the following given information.Liquid Ratio Current Liabilities Rs. 1,80,000Prepaid Expenses Rs. 20,000Inventory Rs. 47,250
Q75mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
X Ltd. has a Current Ratio of and Quick Ratio of . If excess of current assets over quick assets represented by inventories is Rs. . Calculate current liabilities.
Q76easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
The closing balance of Receipts and Payments Account depicts _________.
Q77easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
The ideal Debt Equity Ratio is :
Q78easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Match List - I with List - II
image
Choose the correct answer from the options given below:
Q79mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Following items are categorised under Operating Activities:A. Purchase of GoodwillB. Transfer to General ReserveC. Issue of fresh sharesD. Gain on sale of machineryChoose the correct answer from the options given below:
Q80easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Make the right combination of the ratios that enables to find the short term liquidity.(a) Return on Equity(b) Acid Test Ratio(c) Current Ratio(d) Sacrificing Ratio(e) Inventory Turnover RatioChoose the most appropriate answer from the options given below:
Q81mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Match List I with List II in context of cashflow statementLIST IA. Sale of fixed assetB. Purchase of GoodwillC. Tax PaidD. Dividend Paid LIST III. Outflow in operating activitiesII. Inflow in Investing ActivitiesIII. Outflow in Investing ActivitiesIV. Outflow in Financing Activities Choose the correct answer from the options given below:
Q82mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Read the following information to answer.On the basis of case study given below, answer the question which follows:"Mikku on alumni of IIT Delhi, initiated his start-up "Gajanan Ltd.," in the year 2016. His profit in the year 2020-21 after all appropriation was Rs. . This profit was arrived after taking following items into consideration:ParticularsRs.Loss on Sale of fixed Assets Goodwill written off Transfer to reserve Provision for tax Interest on Debentures paid Other Details are:Particulars2020 (in Rs.)2021 (in Rs.)Prepaid Expenses Accrued interest Trade payables Inventories Net profit before tax will be Rs. ________
Q83easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
X Ltd. sold machinery having a book value of Rs. 25,000 (on which accumulated depreciation of Rs. 5,000 had been charged) at a profit of Rs. 3,000. The cash flow from investing activities will be:
Q84mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Arrange the following items to be in order while making Cash Flow Statement as per AS.3(a) Income Tax paid(b) Purchase of Furniture(c) Goodwill written off(d) Debentures issued(e) Shares purchasedChoose the correct answer from the options given below:
Q85hardmcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Calculate the amount of cash generated from operations from the following information:
image
Q86easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Match List - I with List - II.List - I ||| List - II(A) Operating Activities ||| (I) Issue of equity shares(B) Investing Activities ||| (II) Purchase of Marketable securities(C) Financing Activities ||| (III) Cash sales(D) Cash Equivalent ||| (IV) Purchase of fixed assetsChoose the correct answer from the options given below :
Q87mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Read the following information to answer.On the basis of case study given below, answer the question which follows:"Mikku on alumni of IIT Delhi, initiated his start-up "Gajanan Ltd.," in the year 2016. His profit in the year 2020-21 after all appropriation was Rs. . This profit was arrived after taking following items into consideration:ParticularsRs.Loss on Sale of fixed Assets Goodwill written off Transfer to reserve Provision for tax Interest on Debentures paid Other Details are:Particulars2020 (in Rs.)2021 (in Rs.)Prepaid Expenses Accrued interest Trade payables Inventories Operating Profit before working capital changes will be Rs. ________
Q88mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Arrange the following into correct sequence while computing cash flow from operating activities.(a) Compute Net Profit before tax after making necessary adjustments.(b) Compute operating profit before working capital changes by making adjustment for non-cash and non-operating activities.(c) Calculate the difference between opening and closing balance in statement of profit and loss.(d) Compute operating profit by making adjustment for working capital changes.(e) Calculate cash generated/cash used from operating activities by deducting tax paid from operating profit.Choose the correct answer from the options given below:
Q89easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Rathi Udyog, made a profit of 72,000 after changing depreciation of Rs. 17,000 on fixed assets and paid Rs. 10,000 as interim dividend. The goodwill amortized was Rs. 12,000 and profit (Gain) on sale of furniture was Rs. 2,500.The other informations were:Trade Payable showed an increase of Rs. 7,000.Outstanding expenses showed a decrease of Rs. 5,000.Accrued Income showed an increase of Rs. 8,000.Trade payable showed a decrease of Rs. 10,000.Inventories showed a decrease of Rs. 3,000.If from the above informations, cash flow from operating activity is ascertained, then it is ascertained according to Accounting standard:
Q90mediummcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Read the following information to answer.On the basis of case study given below, answer the question which follows:"Mikku on alumni of IIT Delhi, initiated his start-up "Gajanan Ltd.," in the year 2016. His profit in the year 2020-21 after all appropriation was Rs. . This profit was arrived after taking following items into consideration:ParticularsRs.Loss on Sale of fixed Assets Goodwill written off Transfer to reserve Provision for tax Interest on Debentures paid Other Details are:Particulars2020 (in Rs.)2021 (in Rs.)Prepaid Expenses Accrued interest Trade payables Inventories From among the following, choose the item which would be mentioned in financing activity also:
Q91mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
In the above case study if amount of Goodwill is increasing in current year, then it will be classified in:
Q92mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Find out Net Profit before tax from the above informations:
Q93mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Match List I with List IILIST I: Major HeadA. Fixed assetsB. Current AssetsC. Current LiabilitiesD. Shareholder's FundsLIST II: Sub HeadI. Short term provisionsII. Money received against share warrantsIII. Non current investmentIV. InventoriesChoose the correct answer from the options given below:
Q94easymcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Identify the correct sequence to find out profit after tax while preparing comparative income statement A. Deduct expensesB. Find out total revenue by adding other incomes to revenue from operationsC. Find out profit after taxD. Deduct taxE. Calculate profit before tax Choose the correct answer from the options given below:
Q95mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Identify the limitations of financial statements :A. Can be biasedB. Report on stewardship functionC. Aggregate informationD. Only interim reportsE. Basis of fiscal policiesChoose the correct answer from the options given below:
Q96hardmcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
From the following information of X Ltd, calculate Cash Flow from Financing Activities.ParticularsApril 1, 2021March 31, 2022Long-term Loan2,00,0002,60,000During the year, the company repaid a loan of Rs. . Long-term loan carried interest rate of . The loan was repaid on 1st April 2021 and a fresh loan was taken on 31st March 2022.
Q97hardmcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Read the following information to answer.On the basis of case study given below, answer the question which follows:"Mikku on alumni of IIT Delhi, initiated his start-up "Gajanan Ltd.," in the year 2016. His profit in the year 2020-21 after all appropriation was Rs. . This profit was arrived after taking following items into consideration:ParticularsRs.Loss on Sale of fixed Assets Goodwill written off Transfer to reserve Provision for tax Interest on Debentures paid Other Details are:Particulars2020 (in Rs.)2021 (in Rs.)Prepaid Expenses Accrued interest Trade payables Inventories Cash from operating activities before tax will be Rs. ________
Q98easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
We add depreciation in order to find out operating profit before working capital changes:
Q99easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Apart from showing interim dividend in Net Profit before tax, where else it will be shown?
Q100hardmcqAccountancyCUET Accountancy 2022 20 Aug Shift 22026
Read the following information to answer.On the basis of case study given below, answer the question which follows:"Mikku on alumni of IIT Delhi, initiated his start-up "Gajanan Ltd.," in the year 2016. His profit in the year 2020-21 after all appropriation was Rs. . This profit was arrived after taking following items into consideration:ParticularsRs.Loss on Sale of fixed Assets Goodwill written off Transfer to reserve Provision for tax Interest on Debentures paid Other Details are:Particulars2020 (in Rs.)2021 (in Rs.)Prepaid Expenses Accrued interest Trade payables Inventories Cash flow from Operating Activities will be Rs. ________
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