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Question
| 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 |
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Solution
| Group 'A' | Group 'B' | ||
| 1 | Financial Management | a | Management of business funds. |
| 2 | Retained profit | b | Capitalisation of profit. |
| 3 | Debenture trustees | c | Protect interest of debentures holders |
| 4 | Small depositors | d | Deposits less than Rs. 20,000 |
| 5 |
Depository Act |
e | 1996 |
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Short Answer Question
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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
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(vii) Shares Option Outstanding Account
(viii) General Reserve; and
(ix) Subsidy Reserve?
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:
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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?
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 Finished Goods: Opening Inventory and Closing Inventory of Finished Goods ₹2,00,000 and ₹1,75,000 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.
Out of the Following, identify the items that are shown in the Note to Accounts on Finance Costs:
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(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.
Under which line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:
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(v) Purchases of Stock-in-Trade;
(vi) Salaries and Wages;
(vii) Interest paid to Bank;
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Under which line item (major head) of the Statement of Profit and Loss of a financial company will the following be shown:
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(iii) Loss on Sale of Fixed Assets;
(iv) Interest paid on Deposits;
(v) Depreciation on Computers;
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(viii) Repairs Expenses?
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