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प्रश्न
Answer in one sentence only.
Give any three examples of current assets?
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उत्तर
Cash or cash equivalent short-term lending and advances, expenses paid in advance, taxes paid in advance, etc. are the examples of current assets.
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संबंधित प्रश्न
Balance sheet is a nominal account.
State the objectives of financial statements from the view point of a business concern.
State any one limitation of Analysis of Financial Statement.
State and explain any 'four objectives' of financial statement analysis from the business point of view.
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State true or false with reason.
Gross Profit depends upon Net Sales.
State and explain any 'four objectives' of analysis of financial statement from a business concern's point of view.
Following incomplete information is available from the records maintained by Mr. Premnath.
|
Particulars |
1.4.2009 |
31.3.2010 |
|
Cash Balance Bank Balance Sundry Debtors Stock Furniture Creditors 10% Bank Loan |
12,000 26,000 20,000 24,000 24,000 20,000 20,000 |
13,000 30,000 26,000 26,000 24,000 20,000 20,000 |
(1) Mr. Premnath introduced additional capital in the business amounted to Rs 15,000 on 1st January, 2010.
(2) He has paid life insurance premium Rs 10,000 from the business account and withdrawn goods worth Rs 5,000 for his personal use.
(3) Write off Rs 1,000 as bad debts and maintain reserve for doubtful debts at 5% on remaining debtors.
(4) Provide depreciation at 5% p.a. on furniture.
(5) The closing balance of sundry creditors has been overvalued by Rs 2,000 in the books of account.
(6) Provide Interest on Capital and Bank Loan @ 10% p.a.
(i) Statement of Affairs as on 1.4.2009.
(ii) Statement of Affairs as on 31.3.2010.
(iii) Statement of Profit or Loss for the year ended 31st March, 2010.
State whether following statement are true or false :
Financial statements include only balance sheet.
State whether following statement is true or false :
Government is not interested in analysis of financial statement.
Select the appropriate answer from the alternatives given below & rewrite the completed statement:
The methodical classification of financial statement is called _____________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Cash proceeds from issue of debentures is _______________.
Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
Answer the following in brief :
What do you mean by analysis of financial statements?
The Common Size Statement requires _________.
Give one word/term/phrase for the following statement.
The statement showing financial position for different periods of previous year and current year.
Give one word/term/phrase for the following statement.
Statement showing changes in cash and cash equivalent during a particular period.
State true or false with reason.
Financial Statement includes only Balance Sheet.
State true or false with reason.
Dividend paid is not a source of fund
State true or false with reason.
The short term deposits are considered as cash equivalent.
Answer in one sentence only.
State the formula of Cost of goods sold?
Which of the following statements is not true?
Which of the following is a tool of Analysis of Financial Statements?
