Please select a subject first
Advertisements
Advertisements
Differentiate between the money market and the capital market.
Concept: Concept of Financial Market >> Capital Market in India
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
Concept: Law of Variable Proportions
Give the meaning of 'Debentures issued as Collateral Security'.
Concept: Issue of Debentures as Collateral Security
Give the meaning of 'Debentures issued as Collateral Security'.
Concept: Issue of Debentures as Collateral Security
Answer the following question.
Explain the central problem for whom to produce.
Concept: Central Problems of an Economy
What is maximum price ceiling? Explain its implications.
Concept: Price Ceiling
Explain any three functions of stock exchange.
Concept: Stock Exchange
Distinguish between 'Dissolution of partnership' and 'Dissolution of partnership firm' on the basis of settlement of assets and liabilities.
Concept: Concept of Dissolution of Partnership Firm
Distinguish between 'Dissolution of partnership' and 'Dissolution of partnership firm' on the basis of settlement of assets and liabilities.
Concept: Concept of Dissolution of Partnership Firm
Define fiscal deficit.
Concept: Measures of Government Deficit
NK Ltd., a truck manufacturing company, is registered with an authorised capital of Rs 1,00,00,000 divided into equity shares of Rs 100 each. The subscribed and paid up capital of the company is Rs 50,00,000. The company decided to open technical schools in the Jhalawar district of Rajasthan to train the specially-abled children of the area. It is planning to provide them employment in its various production units and industries in the neighbourhood area.
To meet the capital expenditure requirements of the project, the company offered 20,000 shares to the public for subscription. The shares were fully subscribed and paid.
Present the share capital in the Balance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013. Also, identify any two values that the company wants to communicate.
Concept: Statement of Profit and Loss
Complete the following journal entries left blank in the books of VK Ltd.:
| VK Ltd. Journal |
||||
| Date | Particulars | L.F. |
Dr. Rs |
Cr. Rs |
| 2018 Feb 1 |
___________________ Dr. ___________________ (Purchased own 500, 9% debentures of Rs 100 each at Rs 97 each for immediate cancellation) |
________
|
________
|
|
| Feb 1 |
___________________ Dr. ___________________ ___________________ (Cancelled own debentures) |
________
|
________ ________ |
|
| ______ |
___________________ Dr. ___________________ (______________________) |
________
|
________ | |
Concept: Concept of Financial Statements
Prepare a common size Balance Sheet of KJ Ltd. from the following information:
| Particular | Note No. |
31-3-2017 Rs |
31-3-2016 Rs |
|
I. Equity and Liabilities 1. Shareholders' Funds 2. Non-current Liabilities 3. Current Liabilities Total II. Assets 1. Non- Current Assets 2. Current Assets Total
|
8,00,000 5,00,000 3,00,000 16,00,000
10,00,000 6,00,000 16,00,000 |
4,00,000 2,00,000 2,00,000 8,00,000
5,00,000 3,00,000 8,00,000 |
Concept: Statement of Profit and Loss
State any one limitation of Analysis of Financial Statement.
Concept: Concept of Financial Statement Analysis
JW Ltd. was a company manufacturing geysers. As a part of its long-term goal for an expansion, the company decided to identify the opportunity in rural areas. The initial plan was rolled out for Bhiwani village in Haryana. Since the village did not have a regular supply of electricity, the company decided to manufacture solar geysers. The core team consisting of the Regional Manager, Accountant and the Marketing Manager was taken from the Head Office and the remaining employees were selected from the village and neighbourhood areas. At the time of preparation of financial statements, the accountant of the company fell sick and the company debuted a junior accountant temporarily from the village for two months. The Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013.
| Items | Major Head/Sub-Head |
| Loose Tools | Trade Receivables |
| Cheques in Hand | Current Investments |
| Term Loan from Bank | Other Long-term Liabilities |
| Computer Software | Tangible Fixed Assets |
Identify any two values that the company wants to communicate to the society. Also, present the above items under the correct major heads and sub-heads as per Schedule III of the Companies Act, 2013.
Concept: Concept of Financial Statement Analysis
From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17 :
| 2015-16 (Rs) | 2016-17(Rs) | |
| Inventory on 31st March | 7,00,000 | 17,00,000 |
| Revenue from operations | 50,00,000 | 75,00,000 |
(Gross profit is 25% on the cost of revenue from operations)
In the year 2015-16, inventory increased by Rs 2,00,000.
Concept: Activity Ratios >> Inventory Turnover Ratio
Name the Act that provides for the maximum number of partners in a partnership firm. What is the maximum number of partners that a partnership firm can have?
Concept: Accounting for Partnership Firms - Reconstitution and Dissolution
Amit and Beena were partners in a firm sharing profits and losses in the ratio of 3: 1. Chaman was admitted as a new partner for `1/6` th share in the profits. Chaman acquired `2/5` th of his share from Amit. How much share did Chaman acquire from Beena?
Concept: Change in the Profit Sharing Ratio Among the Existing Partners
State the provisions of the Companies Act, 2013 for the creation of 'Debenture Redemption Reserve'.
Concept: Creation of Debenture Redemption Reserve
State any one limitation of Analysis of Financial Statement.
Concept: Concept of Financial Statement Analysis
