Financial Statements Questions

Find out cash from Financing Activities from the following information:ItemAmountIssue of Equity Shares$\text{Rs. }80,000$ Redemption of Preference Shares$\text{Rs. }30,000$ Interim Dividend Paid$\text{Rs. }25,000$ Interest on Debentures$\text{Rs. }15,000$ Issue of Debentures$\text{Rs. }30,000$ Choose the correct answer from the options given below:

Identify the specific term that indicates the excess of operating Expenditure over Income in the case of a Not-for-Profit Organisation.

Match List I with List II regarding corporate accounting classifications under Schedule III of the Companies Act, 2013:List IA. Current Maturities of long term DebtB. Securities PremiumC. Outstanding salariesD. Premium on Redemption of DebenturesList III. Other Non-Current LiabilitiesII. Short term BorrowingIII. Other Current LiabilityIV. Reserves and SurplusChoose the correct answer from the options given below:

Identify the ratio out of the following options which is not computed for evaluating the long-term solvency of a business.

Capital gains tax paid explicitly on the sale of fixed assets should be classified as a:

Trade payables to be settled beyond 12 months from the date of Balance Sheet or beyond the operating cycle are classified under which main head/sub-head?

W Ltd has given you following information:ItemAmountMachinery (Opening Balance)$\text{Rs. }50,000$ Machinery (Closing Balance)$\text{Rs. }60,000$ Accumulated Depreciation (Opening Balance)$\text{Rs. }25,000$ Accumulated Depreciation (Closing Balance)$\text{Rs. }15,000$ During the year, a machine costing $\text{Rs. }25,000$ with accumulated depreciation of $\text{Rs. }15,000$ was sold for $\text{Rs. }13,000$. Calculate Net Cash Flow from Investing Activities.

Separate disclosure of cash flows arising from Financing Activities is important because:

A part of fixed Assets costing $\text{Rs. }2,00,000$ (Book value $\text{Rs. }1,50,000$) was sold at a gain of $\text{Rs. }10,000$. How will this transaction affect the cash flow statement?

Every company analyses its earning capacity of the business which is an outcome of utilisation of resources employed in the business. To analyse profitability, a company can use:A. Dividend Payout RatioB. Return on Net WorthC. Gross Profit RatioD. Quick RatioE. Inventory Turnover RatioChoose the correct answer from the options given below:

What is the correct top-to-bottom sequence to prepare a company's Balance Sheet as per the standard format given according to Schedule III of the Companies Act, 2013?A. Non-Current LiabilityB. Non-Current AssetsC. Shareholders' FundsD. Current AssetsE. Current LiabilityChoose the correct answer from the options given below:

Match List I with List II as per Statement of Profit and Loss of a company under Schedule III of Companies Act, 2013:List IA. Interest chargesB. Sale of servicesC. SalaryD. Dividend IncomeList III. Employee Benefit ExpensesII. Other IncomeIII. Revenue from OperationsIV. Finance CostChoose the correct answer from the options given below:

Identify the salient features of the Income and Expenditure account from the following:A. It is prepared on an accrual basis.B. It includes both revenue as well as capital items.C. It is prepared after taking into account the additional information regarding outstanding/prepaid expenses and depreciation etc.D. Its result is surplus or deficit.E. It is prepared with the help of the Receipts and Payments Account. Choose the correct answer from the options given below:

$C$ Ltd made a profit of $\text{Rs. }10,000$ after charging depreciation of $\text{Rs. }2,000$ on Assets, transfer to General Reserve $\text{Rs. }3,000$, Written off Goodwill $\text{Rs. }700$, Profit on sale of Asset $\text{Rs. }300$, increase in Debtors $\text{Rs. }300$, increase in creditors $\text{Rs. }600$, increase in prepaid expenses $\text{Rs. }20$ and decrease in outstanding expenses $\text{Rs. }200$. What will be the cash from operating activities?

Which of the following will be added to operating profit before working capital changes, while preparing Cash Flow statement using the indirect method?

Identify the term that is used to show the amount received as per the will of a deceased person in Not-for-Profit Organisations.

Select the sub-head under which loose tools will be shown in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013.