Past Year Papers Solutions Ratios

Past Year Papers Chapter wise Solutions Accounting Ratios 2. A company had Current Assets Rs.  3,00,000 and Current Liabilities Rs.  1,40,000. Afterwards, it purchased goods worth Rs.  20,000 on credit. Calculate the Current Ratio after the purchase of goods. Marks-2/4, CBSE:2018-19/Main/02/Q-21* Answer Next Back Read More 5. X Ltd. has a current ratio 3.5:1 and … Read more

Financial Statement 25

Mudra Ltd. Is in the process of preparing its Balance Sheet as per Schedule III, Part I of the Companies Act, 2013 and provides its true and fair view of the financial position.  Under which head and sub-head will the company show ‘Stores and Spares’ in its Balance Sheet?  What is the accounting treatment of … Read more

Financial Statement 23

M K Limited is a computer hardware manufacturing company. While preparing its accounting records it takes into consideration the various accounting principles and maintains transparency. At the end of the accounting year, the company follows the ‘Companies Act, 2013 and Rules thereunder’ for the preparation of its Financial Statements. It also prepares its Income Statement … Read more

Financial Statement 19

Under which major heads and sub-heads will the following items be placed in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013? (i) Cheques and Bank Drafts in Hand (ii) Loose tools (iii) Securities Premium Reserve (iv) Long-Term Investments with maturity period less than six months (v) … Read more

Financial Statement 18

Under which major headings and subheadings will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013? (i) Balance of the Statement of Profit and Loss (ii) Interest accrued on investments (iii) Livestock (iv) Licenses and Franchise (v) Securities Premium Reserve (vi) … Read more

Financial Statement 17

Under which major headings and subheadings will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013? (i) Interest accrued and due on debentures (ii) Loose tools (iii) Accrued interest on calls in advance (iv) Interest due on calls in arrears (v) … Read more

Financial Statement 16

State under which major headings and sub-headings will the following items be presented in the Balance Sheet of a company as per Schedule-III, Part-I of the Companies Act, 2013. (i) Prepaid Insurance (ii) Investment in Debentures (iii) Calls-in-arrears (iv) Unpaid dividend (v) Capital Reserve (vi) Loose Tools (vii) Capital work-in-progress (viii) Patents being developed by … Read more

Financial Statement 14

Under which major heads and subheads of the Balance Sheet of a company, will the following items be shown:- Loose Tools  Retirement Benefits Payable to employees  Patents  Interest on Calls in Advance Marks-4, CBSE:2018-19/Sample/Q-20 Answer Next Back

Past Year Papers Solutions Financial Statement

Past Year Papers Chapter wise Solutions Financial Statement of a Company Under which major heads and sub-heads will the following items be placed in theBalance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013?(i) Debentures with maturity period in current financial year(ii) Securities Premium Reserve(iii) Provident Fund Marks 3, … Read more

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