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The financial statements do not exhibit

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प्रश्न

The financial statements do not exhibit

विकल्प

  • Non-monetary data

  • Past data

  • Comparative statement

  • Standard costing

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उत्तर

Non-monetary data

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 8: Financial Statement Analysis - Multiple choice questions [पृष्ठ २८५]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 8 Financial Statement Analysis
Multiple choice questions | Q I 4. | पृष्ठ २८५

संबंधित प्रश्न

Brinda Ltd. has furnished the following information:

(a) 25,000, 10% debentures of Rs. 100 each;

(b) Bank Loan of Rs. 10,00,000 repayable after 5 years;

(c) Interest on debentures is yet to be paid.

Show the above items in the balance sheet of the company as at March 31, 2017.


State giving reason whether Trade Receivables are classified as Current Assets or Non-current Assets in the Balance Sheet of a Company as per Schedule III of the Companies Act, 2013 in the following cases. 

Case Operating cycle Period (months) Expected realization period (months)
1 10 11
2 10 12
3 10 13
4 14 13
5 15 16

Classify the following items under major head and sub-head (if any) in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:

(i) Capital Work-in-Progress:

(ii) Provision for Warranties;

(iii) Income received in Advance; and

(iv) Capital Advances


What are the objectives of preparing financial statements?


The Goodwill is not a ________.


___________ is conducted by bankers and government.


What are the components of income statement?


What are the limitations of financial statements?


Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3 : 2. Their fixed capitals are ₹ 1,80,000;  ₹ 1,60,000 and  ₹ 2,00,000 respectively. For the year ending 31st March 2022, Nitya withdrew ₹ 7,500 at the end of every quarter.

The average number of months for which interest on drawings will be calculated will be:


Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Their fixed capitals were ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively. Besides his capital Shiv had given a loan of ₹ 75,000 to the firm. Their partnership deed provided for the following:

  1. Interest on capital @ 9% p.a.
  2. Interest on partner's drawings @ 12% p.a.
  3. Salary to Rudra ₹ 30,000 per month and to Dev ₹ 40,000 per quarter.
  4. Interest on Shiv's loan @ 9% p.a.

During the year Rudra withdrew ₹ 50,000 at the end of each quarter; Dev withdrew ₹ 50,000 in the beginning of each half year and Shiv withdrew ₹ 70,000 at the end of each half year.

The profit of the firm for the year ended 31-3-2022 before allowing interest on Shiv's loan was ₹ 7,06,750.

How much amount of net profit will be transferred to Profit and Loss Appropriation A/c?


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