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Accounts Class - XII 1998 (CBSE)
You are on Set
no 1 Qno. 10 to 18
Q 10
Indicate which of
the following transactions would result in
(a) Source, (b) Use, and
(c) Neither Source nor use of the fund :
(i) Collection from
debtors Rs. 5,000, (ii) Sale of old machinery Rs. 2,000, (iii)
Redemption of debentures Rs. 10,000. (Marks 3)
Q 11
Compute cash from
operations from the following details : (Marks 3)
|
1990
Rs. |
1989
Rs |
P and L
A/C
Debtors
Outstanding Rent
Goodwill
Prepaid
Insurance
Creditors |
1,10,000
50,000
24,000
80,000
8,000
26,000 |
1,20,000
62,000
42,000
76,000
4,000
38,000 |
Q 12
Explain briefly
the meaning and significance of (i) Return on Investment, and (ii)
Fixed Assets Turnover Ratio. (Marks 4)
Q 13
Prepare a
Comparative Income Statement from the following
information: (Marks 5)
|
1992
Rs. |
1993
Rs |
Gross
Sales
Sales Returns
Cost of goods sold
Operating
expenses
Income Tax |
1,20,200
5,200
80,000
12,000
50% |
1,35,800
3,800
84,000
9,000
5% |
Q 14
The debt-equity
ratio of X Ltd. is 1 : 2. Which of the following would increase,
decrease or not change the debt-equity ratio :
(a) Issue of
Equity Shares, (b) Cash received from debtors, (c) Sale of goods on
cash basis, (d) Redemption of Debentures, (e) Purchases of goods on
credit. (Marks 5)
Q 15 What is meant by
analysis of financial statements? How is it important from the
viewpoint of creditors and management? (Marks 6)
Q 16
From the following
information calculate Stock Turnover Ratio, Operating Ratio and
Capital Turnover Ratio : (Marks 6)
|
Rs. |
| Opening Stock |
28,000 |
| Closing Stock |
22,000 |
| Purchases |
46,000 |
| Sales |
90,000 |
| Sales Returns |
10,000 |
| Carriage inwards |
4,000 |
| Office expenses |
4,000 |
| Selling & Distribution Expenses |
2,000 |
| Capital Employed |
2,00,000 |
Q 17
From the
following, prepare a Cash Budget for January, February and March,
1998:
| 1998 |
Cash
Sales
(Rs.)
|
Collection
from
Debtors
(Rs.) |
Purchases
(Rs.) |
Wages
(Rs.) |
January
February
March |
40,000
44,000
56,000 |
20,000
26,000
33,000 |
25,000
24,800
23,700 |
5,000
5,200
6,800 |
Estimated cash balance on 1 January 1998
Rs. 10,000. In January a new machinery is to be purchased at Rs.
20,000 on credit, to be paid in two equal installments in February
and March. (Marks 6)
Q 18
From the following
Balance Sheet, prepare (i) Schedule of changes in Working Capital
and (ii) Funds Flow Statement :
Balance Sheet
| Liabilities |
1994
Rs. |
1995
Rs. |
Assets |
1994
Rs. |
1995
Rs. |
Share
Capital
10% debentures
Pand L
A/C
Creditors
Provision for
tax
Depreciation
Reserve (Plant) |
2,00,000
45,000
10,000
2,55,000 |
2,00,000
20,000
8,000
30,000
10,000
12,000
2,80,000 |
Plant
Building
Stock
Debtors
Bills
Receivable
P and L A/C |
70,000
80,000
60,000
30,000
10,000
5,000
2,55,000 |
1,00,000
75,000
50,000
40,000
15,000
2,80,000 |
Additional information
:
(a) Plant costing Rs. 15,000 was sold for Rs. 6,000.
Accumulated Depreciation on the same was Rs. 5,000.
(b) No
Depreciation was provided on Buildings during the year.
(Marks 12)
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