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Accounts Class -
XII 1999 (CBSE)
You are on Set no 1 Qno. 10 to 18
Q10) Define the terms
'Funds' and 'Flow' in the context of Funds Flow Statement.
(Marks 2)
Q11) Explain the meaning and
significance of :
(a) Return on Equity
(b) Interest Coverage
Ratio (Marks 4)
Q12)
From the following
information, prepare a comparative Balance Sheet of Depth
Ltd.: (Marks 5)
| Particulars |
31.12.96
Rs. |
31.12.95
Rs. |
Equity
Share Capital
Fixed Assets
Reserves and
Surplus
Investments
Long term loans
Current
Assets
Current Liabilities |
25,00,000
36,00,000
6,00,000
5,00,000
15,00,000
10,50,000
5,50,000 |
25,00,000
30,00,000
5,00,000
5,00,000
15,00,000
15,00,000
5,00,000 |
Q13) The current ratio of a
company is 2 : 1. State giving reasons which of the following would
improve, reduce, or not change the ratio:
(a) repayment of
current liabilities,
(b) purchasing goods on cash,
(c) sale of
office equipment for Rs. 4,000/- (Book value Rs. 5,000/-),
(d)
sale of goods Rs. 11,000/- (cost Rs 10,000/-),
(e) payment of
dividend. (Marks 5)
Q14) State the reasons
whether the following would result in an inflow, outflow or no flow
of funds. Attempt any four :
(a) Issue of debentures;
(b)
Debentures converted as preference shares;
(c) Amount transferred
to provision for taxation;
(d) Tax refund;
(e) Repaid loan on
mortgage. (Marks 5)
Q15)
From the following
information, prepare a Cash-Budget for the months of January,
February and March, 1998:
| Units sold in December, 1997 |
510 |
| Units to be
sold in January, 1998 |
200 |
| Units to be
sold in February,1998 |
300 |
| Units to be
sold in March, 1998 |
250 |
Selling Price is Rs. 80/- per
unit and Purchase Price is Rs. 50/- per unit,
Office Expenses are
1,500/- per month. Drawings are Rs. 600/- per month. Every month 10%
of the sales are on credit for one month and the remaining for cash.
Cash in hand on January 1, 1998 is Rs. 12,000/-. There is no opening
and closing stock. (Marks 6)
Q16) What is analysis of financial
statements? State any four of its limitations. (Marks
6)
Q17) The following information is
provided to you:
| Share
Capital |
Rs. 80,000/- |
| General
Reserve |
Rs. 40,000/- |
| 15%
loan |
Rs. 50,000/- |
| Sales for
the year |
Rs. 1,00,000/- |
| Tax paid
during the year |
Rs. 20,000/- |
| Profit
after interest & Tax |
Rs. 40,000/- |
From the above information, calculate any
three of the following ratios :
(a) Debt Equity Ratio
(b)
Capital Turnover Ratio
(c) Interest coverage ratio
(d) Return
on Investment
(e) Debt to total funds ratio (Marks
6)
Q18)
From the following
Balance Sheets prepare Schedule showing changes in Working
Capital and Funds Flow Statement :
Balance Sheet
| Liabilities |
1998
Rs. |
1997
Rs. |
Assets |
1998
Rs. |
1997
Rs. |
Share
Capital
Debentures
Current Liabilities
General
Reserve
PandL Account |
4,50,000
3,50,000
1,50,000
2,10,000
70,000
12,30,000 |
4,00,000
2,40,000
1,20,000
2,00,000
9,60,000 |
Fixed
Assets
Investments
Current Assets
Discount on
shares
PandL Account |
7,20,000
1,30,000
3,75,000
5,000
12,30,000 |
6,10,000
50,000
2,40,000
10,000
50,000
9,60,000 |
Additional information
:
(a) Depreciation charged on fixed assets was Rs.
60,000/-.
(b) A machine of book value of Rs. 40,000/- was sold
for Rs. 30,000/-. (Marks 12)
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