Financial Statements Questions

Match List - I with List - II.

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An annual report containing audited accounting statements and operational reviews is officially furnished by a company to its:

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) $12\%$ debentures redeemable after four yearsChoose the correct answer from the options given below:

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:

Match List - I with List - II.

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A company acquires machinery worth $\text{Rs. }5,00,000$. It pays $50\%$ 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:

Identify the odd item out when calculating Cash Flow from Financing Activities:

Calculate the total cost of medicines consumed during the financial year 2020-21 based on the following information:

Common-Size Statements, which analyze financial statements by converting each line item into a percentage of a common base item, are also known as:

Aradya Ltd. maintains a Debt-Equity ratio of $2.5:1$. Which of the following transactions will not affect its Debt-Equity Ratio?

An old piece of furniture with a book value of $\text{Rs. }10,000$ is sold for $\text{Rs. }7,000$. What amount will be recorded, and on which side, in the Receipts and Payments Account of an NPO?

Other income of a corporate entity is $\text{Rs. }5,00,000$, which constitutes $25\%$ of its Revenue from Operations. Employees Benefit Expenses are valued at $30\%$ of the Revenue from Operations. Assuming a tax rate of $40\%$, find the Net Profit After Tax (PAT).

Identify the transaction from the options below that involves an actual inflow or outflow of cash/cash equivalents:

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:

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:

Match List - I with List - II.
$$\begin{array}{ll}\text{List - I}& \text{List - II}\\ \text{(A) The accounting basis for a Cash Flow Statement is}& \text{(I) Investment in shares}\\ \text{(B) Dividend paid on Equity and Preference capital comes under}& \text{(II) Cash Basis}\\ \text{(C) It cannot be considered as cash and cash equivalents}& \text{(III) Treasury bills}\\ \text{(D) It can be classified as cash and cash equivalents}& \text{(IV) Cash outflow from Financing Activities}\end{array}$$
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Calculate the total cost of medicines consumed during the financial year 2020-21 based on the following information:
$$\begin{array}{lr}\text{Particulars}& \text{Amount (Rs.)}\\ \text{Payment to creditors of medicines}& 3,70,000\\ \text{Creditors for medicines on 01.04.2020 (Opening)}& 25,000\\ \text{Creditors for medicines on 31.03.2021 (Closing)}& 17,000\\ \text{Stock of Medicines on 01.04.2020 (Opening)}& 62,000\\ \text{Stock of Medicines on 31.03.2021 (Closing)}& 54,000\\ \text{Advance to suppliers on 01.04.2020 (Opening)}& 11,000\\ \text{Advance to suppliers on 31.03.2021 (Closing)}& 18,000\end{array}$$

Match List - I with List - II.
$$\begin{array}{ll}\text{List - I (Accounting Ratios)}& \text{List - II (Functional Classification)}\\ \text{(A) Current Ratio}& \text{(I) Solvency Ratios}\\ \text{(B) Inventory Turnover Ratio}& \text{(II) Liquidity Ratios}\\ \text{(C) Return on Investment}& \text{(III) Profitability Ratios}\\ \text{(D) Proprietary Ratio}& \text{(IV) Activity Ratios}\end{array}$$
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