|
Accounts Class - XII
1996 (CBSE)
You are on Set no 1 Qno. 10 to
17
Q10) What is meant by
'Analysis of Financial Statements'? Give its advantages. (Marks
6)
Q11) State the significance and
method of calculation of any two of the following :
(i) Current
ratio (ii)
Operating ratio
(iii) Return on investment. (Marks
6)
Q12) From the following details,
calculate (i) Opening stock, (ii) Closing stock:
Stock turnover
ratio 6 times.
Gross profit 20% on sales.
Sales Rs.
1,80,000.
Closing Stock is Rs. 15,000 in excess of opening
stock. (Marks 3)
Q13) On the basis of following
information, calculate
(i) Gross profit ratio, (ii) Working
capital turnover ratio, (iii) Debt equity ratio. (Marks
6)
Net
sales
Cost of goods Sold
Current assets
Current
Liabilities
Paid-up share
Capital
Debentures
Loan |
Rs.
30,00,000
20,00,000
6,00,000
2,00,000
5,00,000
2,50,000
1,25,000
|
Q14) From the following Balance
Sheet of Avinash Ltd., you are required to prepare.
(i) A
statement of changes in working capital and (ii) Funds flow
statement.
BALANCE
SHEET
|
|
|
|
31.12.1994
Rs. |
3.12.1995
Rs. |
|
ASSETS
Fixed
Assets
Less: Accumulated
Depreciation
Investments
Stock
Debtors
Cash
LIABILITIES
Equity
Share Capital
General Reserve
Bank
Loan
Creditors
Bank Overdraft
Proposed
Dividend |
4,00,000
80,000
3,20,000
80,000
2,00,000
2,10,000
30,000
8,40,000
3,00,000
85,000
1,00,000
3,10,000
----
45,000
8,40,000
|
5,50,000
1,35,000
4,15,000
1,10,000
2,25,000
1,80,000
10,000
9,40,000
4,00,000
1,10,000
75,000
2,90,000
5,000
60,000
9,40,000
|
| |
Additional information :
A
piece of machinery costing Rs. 50,000 was sold for Rs. 30,000,
accumulated depreciation thereon being Rs. 10,000. (Marks
13)
Q15) Calculate 'Cash
from Operations' from the following profit and loss
Account.
Profit and Loss Account for
the year ending on 31st March, 1995
|
|
|
Particulars |
Rs. |
|
Particulars |
Rs. |
|
Salaries
Rent
Provision for Bad
Debts
Depreciation
Loss on Sale of Land
Goodwill
written off
Proposed dividend
Provision for
Taxation
Net Profit |
18,000
10,000
2,000
4,000
3,000
5,000
7,000
4,000
25,000
78,000 |
|
Gross Profit
Profit
on Sale of Plant
Income Tax Refund |
65,000
7,000
6,000
______
78,000 |
| |
Q16) What is Cash
Budget? Give its advantages.
OR
Prepare a Cash Budget
for the month of May and June using following information
:
|
Months |
Sales |
Purchases |
Wages |
|
April
May
June |
62,000
64,000
58,000 |
38,000
33,000
39,000 |
8,000
10,000
8,500 |
(i) Cash Balance as on 1st
May, 1995 was Rs. 8,000.
(ii) 75% of the sales are realised in
the same month and rest in the following month.
(iii) Period of
Credit from supplier is one month.
(iv) Lag in payment of wages
is one month. (Marks 6)
Q17) From the following
information, prepare a Comparative Income Statement: (Marks
5)
Sales
Cost of Goods Sold
Administrative,
Selling and Distribution Expenses
Other Incomes
Income
Tax |
1994
Rs.
4,00,000
2,00,000
40,000
20,000
60,000 |
1995
Rs.
5,00,000
3,00,000
1,00,000
30,000
70,000 |
|
|
