Advertisements
Advertisements
प्रश्न
State, with reasons, whether the following statement is True or False.
Financial management is essential for all types of organisations.
Advertisements
उत्तर
This statement is True.
1) 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.
2) 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.
3) Financial management deals with planning, organizing, directive and controlling financial activities of business organisations.
4) 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.
5) Financial management plays a very important role in making the best use of financial resources
APPEARS IN
संबंधित प्रश्न
Advice to Board of Directors in respect of financial matter is given by _______.
Normally _________ gives advice to the Board of directors in respect of financial matters.
Under which heads the following items are shown in the Balance Sheet of a company:
(i) Calls-in-Arrears
(ii) Commission Received in Advance
(iii) Debentures
(iv) Stores and Spare Parts
(v) Land and Building
(vi) Forfeited Shares Account?
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
Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:
(i) Provision for Tax
(ii) Loan payable on demand
(iii) Computer and related equipment
(iv) Goods acquired for trading
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?
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.
Calculate Cost of Materials Consumed from the following:
Opening Inventory of Materials ₹3,50,000; Finished Goods ₹75,000; Stock-in-Trade ₹2,00,000; Closing Inventory of: Materials ₹3,25,000; Finished Goods ₹85,000; Stock-in-Trade ₹1,50,000; Purchases during the year: Raw Material ₹17,50,000; Stock-in-Trade ₹9,00,000.
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.
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 | ||
From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.
Under which line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:
(i) Sale of Goods;
(ii) Revenue from Services Rendered;
(iii) Interest Earned;
(iv) Gain (Profit) on Sale of Assets;
(v) Purchases of Stock-in-Trade;
(vi) Salaries and Wages;
(vii) Interest paid to Bank;
(viii) Carriage Outward?
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?
