Advertisements
Advertisements
प्रश्न
State, with reason, whether the following statement is True or False.
Financial management is essential for all types of organisation.
पर्याय
True
False
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Advice to Board of Directors in respect of financial matter is given by _______.
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?
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
How are the following items shown while preparing Balance Sheet of a company:
- Surplus, i.e., Balance in Statement of Profit and Loss (Dr.);
- Interest accrued and due on Debentures;
- Computer Software under development;
- Interest accrued on Investment
- Arrears of dividends on Cumulative Preference Shares?
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 extracted from the books of Howrach Ltd., prepare Balance Sheet of the company as at 31st March, 2026, as per Schedule III of the Companies Act, 2013:
| (₹ in '000) | (₹ in '000) | ||
| Long-term Borrowings | 1,000 | Property, Plant and Equipment | 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, 2026 from the following information:
| ₹ | ₹ | ||
| Equity Share Capital | 20,00,000 | Workmen Compensation Reserve | 1,00,000 |
| 12% Preference Share Capital | 10,00,000 | Surplus, i.e., Balance in Statement of Profit and Loss (Cr.) | 3,00,000 |
| Fixed Assets (At cost) | 46,60,000 | Stock | 6,00,000 |
| Accumulated Depreciation | 16,60,000 | Sundry Debtors | 8,00,000 |
| Investments | 4,00,000 | Cash | 1,50,000 |
| Current Liabilities | 8,00,000 | Loans and Advances | 50,000 |
| 12% Debentures | 6,00,000 | Provision for Taxation | 2,00,000 |
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 Stock-in-Trade: Opening and Closing Stock-in-Trade ₹5,00,000 and ₹4,50,000 respectively.
From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade ₹5,00,000 and ₹4,00,000 respectively.
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?
Other things remaining the same, an increase in the tax rate on corporate profit will :
Financial management is based on three broad financial decisions. What are these?
Which of the following statements is false regarding financial management?
