Model Paper 5 — Accountancy STD 12 Commerce — Question

Interest paid by other than fiancial enterprises is shown in Cash Flow Statement under:

1. Operating activities.
2. Investing activities.
3. Financing activities.

Profit on sale of debenture redemption fund investments in the first instance is credited to:

1. Debenture redemption fund account.
2. Profit and loss appropriation account.
3. General reserve account.

Which Item is show under the head`long term borrowings`while preparing balance sheet?

1. Bank Overdraft
2. Short term Loan
3. Debentures
4. Trade payables

Majority of Capital Budgeting techniques makes use of __________.

1. Cash flows
2. Accounting profit
3. Interest rate on borrowings
4. Last dividend paid

Which of these a/c appearing in trial balance is not transferred to Income statement?

1. Salary a/c
2. Purchase a/c
3. Accumulated depreciation a/c
4. Bad debts a/c

In indirect method, Which is used to calculate the amount of net cash flow from operating activities:

1. Net income figure from the income statement
2. Net loss figure from Profit & Loss
3. Net Profit figure from Profit & Loss
4. All of the options

Which of the following is the element of financial statements?

1. Both (a) and (b)
2. Balance Sheet
3. None of these
4. Profit & Loss A/c

Sinking fund A/c is created for which of these purposes:

1. To repay or redeem a long term fixed liability
2. To replace a wasting asset
3. To replace a depreciable asset
4. All the three

Working Capital 30,000; current ratio 3 : 1 Current liabilities will be:

On the basis of following data, the cost of revenue from operations by a company will be:
Opening Inventory ₹ 70,000; Closing Inventory ₹ 80,000; Inventory Turnover Ratio 6 Times.