Accounting Ratios — Accountancy STD 12 Commerce — Question

Which schedule of the Companies Act 2013 describes the activities which may be included in the 'Corporate Social Responsibility (CSR) policy of a Company?

1. Schedule VII
2. Schedule VI
3. Schedule V
4. Schedule IV

Which of the following is not a cash outflow for the firm?

1. Depreciation
2. Dividends
3. Interest payments
4. Taxes

If outside liabilities and owners equity are added we get _________.

1. Total liabilities.
2. Net worth.
3. Shareholder fund.
4. Gross block.

The paid-up capital of Mukund Ltd. is Rs 18,00,000. The company decided to propose a dividend of Rs 2,16,000 out of current profit. How much of current profit is to be transferred to reserve?

1. At least 2.5 %
2. At least 5 %
3. At least 10 %
4. None of the above

Using Second Method, Which Account Is to debited When Debentures are Issued of 10,000, 9% debentures of Rs. 100 each as collateral security for bank loan of Rs. 10,00,00.

1. Debenture Suspense A/c
2. Loan Account
3. 9% Debentures A/c
4. Interest On Debentures A/c

In the Balance Sheet of a company, Debenture Premium Account appears under the head:

1. Share Capital
2. Reserves & Surplus
3. Non-Current Liabilities
4. Current Liabilities

Premium payable on redemption of debentures is in the nature of:

1. Liability Account.
2. Asset Account.
3. Expense Account.
4. None of these.

Which of the following statements is incorrect?

The portion of the share capital which cannot be called up except on the winding up is known as _______________.

1. Called up capital
2. Paid-up capital
3. Authorized capital
4. Reserve capital

Cash flow statement is also known as _____________.

1. Statement of changes in financial position on cash basis.
2. Statement accounting for variation in cash
3. Both (A) and (B)
4. None of the above