Financial Statements Questions

Identify the other name by which Liquid ratio is known:

Calculate subscription of current year to be credited to Income and Expenditure account from the following information:Subscription Received Rs. $80,000$, Subscription Received in Advance Last year Rs. $10,000$, Subscription Received in Advance during this year Rs. $2,000$ and Accrued Subscription at the end of current year Rs. $5,000$:

Arrange the following items of statement of profit and Loss in a sequence.(A) Total Revenue(B) Revenue from Operations(C) Other Income(D) Expenses(E) Profit Before TaxChoose the correct answer from the options given below:

Non-Cash transactions will be excluded from:

What will be Interest Coverage Ratio, when $20\%$ Long term Debt is Rs. $10,00,000$, Tax Rate $40\%$ and Net profit After Tax is Rs. $6,00,000$.

Cave Ltd. made a profit of Rs. $1,50,000$ after charging depreciation of Rs. $30,000$ on assets and a transfer to general reserve of Rs. $30,000$. The Goodwill amortised was Rs. $9,000$ and gain on sale of machinery was Rs. $5,000$. Operating profit before working capital changes will be:

Calculate cash flow from financing Activities of X Ltd. which is a financing company.Issue of shares Rs. $1,00,000$ Issue of Bonus shares Rs. $50,000$ Dividend paid Rs. $10,000$ Interest paid Rs. $5,000$

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

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.(A) Trade payable(B) Non-Current Investments(C) Deferred tax Liabilities(D) Intangible Assets(E) Long term borrowingChoose the correct answer from the options given below:

Match List - I with List - II.
\begin{array}{l|l} \textbf{List - I} & \textbf{List - II} \\ \hline \text{(A) Share Capital} & \text{(I) 10% debenture} \\ \text{(B) Reserve and Surplus} & \text{(II) Interest accrued and due} \\ \text{(C) Non-current Liability} & \text{(III) Share forfeited account} \\ \text{(D) Current Liability} & \text{(IV) Capital Redemption Reserve} \end{array}
Choose the correct answer from the options given below:

Calculate the amount of cash from sale of machinery from the following items:A machine costing Rs. $20,000$ having book value of Rs. $15,000$ is sold for Rs. $12,000$ and depreciation charged during the year was Rs. $8,000$. The opening and closing balance in machinery account was Rs. $1,80,000andRs.$ 1,72,000$ respectively.

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

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

Subscription Received in Advance is a:

What will be the accounting treatment of outstanding expenses in the Income and Expenditure A/c.(A) Added in main or concerned head(B) Subtracted from main head(C) Shown in Balance-Sheet as Liability(D) Will not be shown in Income and Expenditure A/c(E) Shown in Receipt and Payment A/c onlyChoose the correct answer from the options given below: