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प्रश्न
State, with reason, whether the following statement is True or False.
Financial management is essential for all types of organisation.
विकल्प
True
False
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उत्तर
This statement is True.
- The business organisation irrespective of its type and nature needs finance for its formation, for carrying out day – to – day activities, for development and expansion, etc.
- Financial management is essential for all types of business organisation as it deals with procurement of funds and their efficient and effective utilization in the business.
- Financial management deals with planning, organizing, directive and controlling financial activities of business organisations.
- Generally all business activities are supported by the savings which comes from the society. Many a times these savings are not adequate to meet the financial requirement of the business. It is therefore necessary that available scarce fund must be utilized systematically and more efficiently.
- Financial management plays a very important role in making the best use of financial resources.
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संबंधित प्रश्न
| Group 'A' | Group 'B' | ||
| 1 | Financial Management | a | Distribution of profit |
| 2 | Retained profit | b | Deposits less than Rs. 20,000 |
| 3 | Debenture trustees | c | Capitalisation of profit |
| 4 | Small depositors | d | 1996 |
| 5 |
Depository Act |
e | Management of business funds |
| f | Borrowed capital | ||
| g | Protect interest of debentures holders | ||
| h | Management of business activities | ||
| i | Deposits less than Rs. 25,000 | ||
| j | 1956 |
What are the main objectives of financial management? Briefly explain.
Under which of the major heads will the following items be shown while preparing Balance Sheet of a company, as per Schedule III of the Companies Act, 2013:
(i) Unamortised Loss on Issue of Debentures (To be written off after 12 months from the date of Balance Sheet)
(ii) 10% Debentures
(iii) Stock-in-Trade
(iv) Cash at Bank
(v) Bills Receivable
(vi) Goodwill
(vii) Loose Tools
(viii) Truck
(ix) Provision for Tax; and
(x) Sundry Creditors?
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?
Under which heads the following are shown in a company's Balance Sheet:
(i) Public Deposits
(ii) Office Furniture
(iii) Prepaid Rent
(iv) Outstanding Salaries
(v) Computer Software
(vi) Interest Accrued on Investment?
Name the major heads under which the following items will be presented in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:
(i) Loose Tools
(ii) Unpaid Dividend
(iii) Copyrights and Patents.
(iv) Land and Building
Under which major headings and sub-headings the following items will be shown in the Balance Sheet of a company as per schedule III of Companies Act, 2013?
(i) Provision for Employee Benefits.
(ii) Calls-in-Advance.
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:
| (₹ in '000) | (₹ in '000) | ||
| Long-term Borrowings | 1,000 | Fixed Assets (Tangible) | 1,600 |
| Trade Payable | 60 | Inventories | 40 |
| Share Capital | 800 | Trade Receivables | 160 |
| Reserves and Surplus | 180 | Cash and Cash Equivalents | 240 |
Prepare Balance Sheet of HP Ltd. as at 31st March, 2019 from the following information:
| ₹ | ₹ | |||
| Equity Share Capital | 20,00,000 | Surplus, i.e., Balance in Statement of Profit and Loss (Cr.) | 3,00,000 | |
| 12% Preference Share Capital | 10,00,000 | Stock | 6,00,000 | |
| Fixed Assets (At cost) | 46,60,000 | Sundry Debtors | 8,00,000 | |
| Accumulated Depreciation | 16,60,000 | Cash | 1,50,000 | |
| Investments | 4,00,000 | Loans and Advances | 50,000 | |
| Current Liabilities | 8,00,000 | Provision for Taxation | 2,00,000 | |
| 12% Debentures | 6,00,000 | Workmen Compensation Reserve | 1,00,000 |
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 Work-in-Progress: Opening and Closing Work-in-Progress ₹1,00,000 and ₹1,15,000 respectively.
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.
From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade ₹5,00,000 and ₹4,50,000 respectively.
From the following information of Hospitality Ltd. for the year ended 31st March, 2018, calculate amount that will be shown in the Note to Accounts on Changes in inventiories of Finished Goods, WIP and stock-in-Trade:
| Particluars |
Opening Inventory (₹) |
Closing inventory(₹) |
||
| Finished Goods |
5,00,000 |
5,50,000 |
||
| Work-in-Progress |
4,50,000 |
4,25,000 |
||
| Stock-in-Trade | 6,50,000 | 6,00,000 | ||
Out of the Following, identify the items that are shown in the Note to Accounts on Finance Costs:
(i) Interest paid on Borrowing from prince Finance Ltd.;
(ii) Interest paid on Term Loan to Bank;
(iii) Interest paid on Public Deposits;
(iv) Loss on Issue of Debentures Written off; and
(v) Bank Charges.
Financial management is based on three broad financial decisions. What are these?
What are the objectives of financial management?
The foremost objective of financial management is :
Which of the following statements is false regarding financial management?
