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प्रश्न
State, with reasons, whether the following statement is True or False.
Financial management is essential for all types of organisations.
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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
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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.
List any three objectives of financial statements.
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 are the following 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
(vii) Trade Payables payable after 12 months from the date of Balance Sheet?
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
Hero Ltd. has raised following long-term loans on 1st April, 2018:
| 10,000; 10% Debentures of ₹ 100 each redeemable in four equal yearly | ₹ |
| installments beginning 1st July, 2019 | 10,00,000 |
| 11% Bank Loan from SBI repayable after 5 years | 20,00,000 |
| Interest on Debentures and Bank Loan has not yet been paid. |
How will be the above items shown in the Balance Sheet of the company as at 31st March, 2019?
Prepare Balance Sheet of Recovery Ltd. as per Schedule III of the Companies Act, 2013:
| ₹ | |
| 10% Debentures of ₹ 100 each | 1,90,000 |
| Stock-in-Trade (inventories) | 40,000 |
| Goodwill | 20,000 |
| Provision for Tax | 60,000 |
Totalting of Balance Sheet is not required.
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, 2025, calculate the amount that will be shown in the Note to Accounts on Changes in Inventories of Finished Goods, Work-in-Progress and stock-in-Trade:
| Particulars | 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 |
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?
Under which line item (major head) of the Statement of Profit and Loss of a financial company will the following be shown:
(i) Interest on Loans Given:
(ii) Gain (Profit) on Sale of Securities;
(iii) Loss on Sale of Fixed Assets;
(iv) Interest paid on Deposits;
(v) Depreciation on Computers;
(vi) Goodwill Written off;
(vii) Commission paid for Deposit Mobilisation; and
(viii) Repairs Expenses?
What are the objectives of financial statement?
Financial management is based on three broad financial decisions. What are these?
'S' Limited is manufacturing steel at its plant in India. It is enjoying a buoyant demand for its products as economic growth is about 7% - 8% and the demand for steel is growing. It is planning to set up a new steel plant to cash on the increased demand. It is estimated that it will require about Rs 5000 crores to set up and about Rs 500 crores of working capital to start the new plant.
Which of the following is the role and objectives of financial management for this company.
The foremost objective of financial management is :
Which of the following statements is false regarding financial management?
The foremost objective of financial management is:
