Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

Bills Receivable A/c is _________.

1. Personal A/c
2. Real A/c
3. Nominal
4. None of the above

Which of the following is true?

1. Depreciation is a use of funds.
2. Increase in a Non-current liability is a source.
3. Decrease in an asset, other than cash is a use.
4. Increase in bills payable is a use.

Cash Flow Statement is prepared from:

1. Balance Sheet
2. Profit & Loss Account
3. Additional Information
4. All of these

The ______________ is a measure of liquidity which excludes generally the least liquid asset.

1. Current ratio, accounts receivable.
2. Liquid ratio, accounts receivable.
3. Current ratio, inventory.
4. Liquid ratio, inventory.

X.Ltd. issued Rs1,00,000 12% debentures of Rs100 each at a premium of 10%, which are redeemable after 10 years at a premium of The amount of loss on redemption of debentures to be written off every year= ?

1. Rs10,000
2. Rs30,000
3. Rs20,000
4. Rs40,000

On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?

1. Shares forfeited a/c
2. Share capital a/c
3. Unpaid calls a/c
4. Share premium a/c

Payment of Income Tax is considered as :

1. Direct Expenses
2. Indirect Expenses
3. Operating Expenses
4. None of these

In a share of Rs. 50, on which Rs.30 has been paid, is forfeited, it can be re-issued at the minimum price of ________________.

1. Rs.30 per share
2. Rs.20 per share
3. Rs.50 per share
4. Rs.40 per share

Balance Sheet is a:

1. Account
2. Statement
3. Both (a) and (b)
4. All the above

Shares of a company can't be issued at ____________.

1. Premium
2. Discount
3. Par
4. Any of these