Question Bank
Question Bank
Question Bank
II. ASSETS
1. Non-current Assets:
(a) Fixed Assets
(i) Tangible 2 16,00,000 9,00,000
(ii) Intangible(Goodwill) 1,40,000 2,00,000
2. Current Assets:
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 5,00,000 3,00,000
(c) Cash & Cash Equivalents 90,000 60,000
Notes to Accounts:
Note No. Particulars 31.03.2018 31.03.2017
1. Short-term Provisions
Provision for tax 60,000 30,000
2. Tangible Assets
Plant & Machinery 17,60,000 10,00,000
Less: Accumulated Depreciation (1,60,000) (1,00,000)
16,00,000 9,00,000
Additional Information:
(i) A part of the machine, costing Rs.50,000, accumulated depreciation thereon being
Rs.20,000, was sold for Rs.18,000.
(ii) 10% Debentures were issued on 31st March,2018.
Prepare Cash Flow Statement.
Q2. From the following information prepare Cash Flow Statement
Particulars Note 31.03.2022 31.03.2021
No.
II. ASSETS
1. Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 41,000 32,000
(Tangible Fixed Assets)
(ii) Intangible Assets (Goodwill) 8,000 10,500
(iii) Non Current Invesments 68,000 63,000
2. Current Assets:
(a) Current Investments 49,000 50,000
(b) Cash & Cash Equivalents 4,000 2,000
(c) Other Current Assets 24,500 6,000
Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021
1. Share Capital
Equity shares of Rs.10 each 1,35,000 1,30,000
22,000 4,000
Additional Information:
(i) A Machine costing Rs.3,000(depreciation provided thereon Rs.400) was sold for Rs.2,800.
Depreciation charged during the year was Rs.4,400.
(ii) Debentures were issued on 1st April,2021.
(iii) Interim dividend of Rs.30,000 has been paid during the year.
Q3. From the following information of Ramesh Ltd. prepare Cash Flow Statement
II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 3,36,000 2,64,000
Machines
(ii) Intangible(Goodwill) 56,000 80,000
(b) Long-term Investment 64,000 24,000
2. Current Assets:
(a) Inventories 40,000 32,000
(b) Trade Receivables 1,56,000 64,000
(c) Cash & Cash Equivalents 1,04,000 96,000
Notes to Accounts:
II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 12,00,000 9,00,000
(Tangible Fixed Assets)
2. Current Assets:
(a) Current Investments 84,000 60,000
(Marketable)
(b) Inventories 2,00,000 1,00,000
(c) Trade Receivables 3,10,000 2,30,000
(d) Cash & Cash Equivalents 4,20,000 3,65,000
Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021
4,00,000 3,50,000
II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 3 2,48,000 2,00,000
(ii) Intangible Assets(Goodwill) 40,000 50,000
(b) Non-Current Investments 35,000 10,000
2. Current Assets:
(a) Inventories 39,000 57,000
(b) Trade Receivables 1,08,000 75,000
(c) Cash & Cash Equivalents 28,000 17,000
Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021
57,000 38,000
2. Short-term Provisions
Provision for Tax 32,000 28,000
2,48,000 2,00,000
Additional Information:
(i) Tax paid during the year Rs.16,000.
(ii) Depreciation on Plant & Machinery charged during the year Rs.9,000.
Q6. From the following information of Youth Ltd. prepare Cash Flow Statement [6m]
Particulars Note 31.03.2022 31.03.2021
No.
II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 3,70,000 2,80,000
(ii) Intangible Assets(Goodwill) 90,000 1,15,000
2. Current Assets:
(a) Current Investments 10,000 15,000
(b) Inventories 1,82,000 1,00,000
(c)Trade Receivables 1,57,000 1,57,000
(d) Cash & Cash Equivalents 91,000 81,000
Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021
1. Share Capital
Equity Share Capital 5,00,000 4,00,000
Preference Share Capital 1,00,000 1,50,000
6,00,000 5,50,000
1,28,000 70,000
3. Short term Provisions 50,000 40,000
Provision for tax
Additional Information:
(i) A Machine costing Rs.50,000(depreciation provided thereon Rs.30,000) was sold for
Rs.10,000. Depreciation charged during the year was Rs.20,000.
(ii) Income tax paid Rs.35,000
Q8. From the following information given below, calculate any three of the following ratios.
(i) Debt to Equity Ratio (ii) Proprietary Ratio (iii) Gross Profit Ratio
Revenue from operations Rs 5,00,000
Cost of Revenue from operations Rs 3,00,000
Current Assets Rs 2,00,000
Current Liability Rs 1,40,000
Paid up Share Capital Rs 2,50,000
13% Debentures Rs 1,00,000
Q9. Calculate the following ratios on the basis of the given information:
(a) Acid Test Ratio (b) Operating Ratio (c) Working Capital Turnover Ratio
Rs.
Current Assets 3,50,000
Current Liabilities 1,75,000
Inventory 1,50,000
Revenue from Operations 6,00,000
Operating Expenses 2,00,000
Cost of Revenue from Operations 3,00,000
(b) Net Profit before Interest & Tax Rs.2,50,000. Capital Employed Rs. 10,00,000. Calculate
Return on Investment.