Role and Objectives of Financial Management

Under which heads will the following items be shown in the Balance Sheet of a Company

(i) Bank Balance

(ii) Investments (Long-term)

(iii) Outstanding Salary

(iv) Authorised Capital

(v) Bills Payable

(vi) Unclaimed Dividents

(vii) Shares Option Outstanding Account

(viii) General Reserve; and

(ix) Subsidy Reserve?

Totalling of Balance Sheet is not required

From the following information, calculate Change in Inventory of Work-in-Progress:

Opening and Closing Work-in-Progress ₹1,50,000 and ₹1,45,000 respectively.

What is the role and function of Financial Management?

How are the following items shown while preparing Balance Sheet of a company:

(i) Surplus, i.e., Balance in Statement of Profit and Loss (Dr.);
(ii) Interest accrued and due on Debentures;
(iii) Computer Software under development;
(iv) Interest accrued on Investment? 

From the following information extracted from the books of Howrach Ltd., prepare Balance Sheet of the company as at 31st March, 2019 as per Schedule III of the Companies Act, 2013:

Calculate Cost of Materials Consumed from the following:

Opening Inventory of Materials ₹2,50,000; Finished Goods ₹1,00,000; Closing Inventory of Materials ₹2,25,000; Finished Goods ₹75,000; Raw Material purchased during the year ₹15,00,000.

From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade ₹5,00,000 and ₹4,00,000 respectively.