Analysis of Financial Statements (CBSE Class-12 Accountancy): Questions 12 - 19 of 43

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Question number: 12

» Analysis of Financial Statements » Financial Statements of a Company

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During the year 2007 a club received Rs. 1, 00, 000 as entrance fees. According to accounting policy for the club 40 % of the entrance fees is to be capitalised. How will you deal with entrance fees received by NPO?

Question number: 13

» Analysis of Financial Statements » Tools for Financial Statement Analysis

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From the following information prepare a comparative Income Statement of Victor Ltd:

Information to prepare a comparative Income Statement of Victor Ltd:

information is given of two years

Particulars

2006 Rs.

2007 Rs.

Sales

15, 00, 000

18, 00, 000

Cost of goods sold

11, 00, 000

14, 00, 000

20 % of Gross Profit

125 % of Gross Profit

Income Tax

50%

50%

Question number: 14

» Analysis of Financial Statements » Financial Statement Analysis

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what is the work of comparative financial statement?

Question number: 15

» Analysis of Financial Statements » Financial Statements of a Company

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Difference between receipt and payment account and trial balance?

Question number: 16

» Analysis of Financial Statements » Financial Statements of a Company

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Distinguish between Income and Expenditure Account and Receipt and Payment Account on the basis-of nature of items recorded therein.

Question number: 17

» Analysis of Financial Statements » Financial Statements of a Company

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Define restricted fund and unrestricted fund?

Question number: 18

» Analysis of Financial Statements » Financial Statements of a Company

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Difference between receipt and payment account and cash book.

Question number: 19

» Analysis of Financial Statements » Financial Statements of a Company

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From the following statement, calculate the cash generated from operating activities:

Statement of Profit For the year ended 31st March, 2005

it shows various transaction of income and expenditure and gives net profit

Particulars

Rs.

Particulars

Rs.

To Salaries

10, 000

By Gross Profit

85, 000

To Rent

5, 000

By Profit on sale of Machinery

5, 000

To Depreciation

20, 000

By Dividend received

3, 000

To Loss on sale of Building

5, 000

By Commission Accrued

4, 000

To Goodwill written off

8, 000

To Proposed Dividend

10, 000

To Provision for TAX

15, 000

To Net Profit

24, 000

97, 000

97, 000

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