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Accounts Class - XII
2000 (CBSE)
You are on Set no 1 Qno. 10 to
18
PART - II
(ANALYSIS OF
FINANCIAL STATEMENTS)
Q10)
When does flow of
funds take place? Explain briefly? (Marks 3)
Q11) A company earns a gross
profit of 20% on cost. Its credit sales are twice its cash sales. If
the credit sales are Rs. 4,00,000, calculate the gross profit ratio
of the company. (Marks 4)
Q12) Find out the sources and
application of funds from the details given below extracted from the
Balance Sheet of Arun Ltd:
Machinery at cost
Provision for
Depreciation on Machinery |
31/12/1997
Rs.
8,00,000
1,00,000 |
31/12/1998
Rs.
14,00,000
1,50,000 |
Additional Information :
During the
year a piece of machinery costing Rs. 30,000 on which accumulated
depreciation was Rs.10,000 was sold for Rs. 25,000 (Marks
5)
Q13) Briefly explain the meaning
and significance of any two of the following ratios :
(i) Return
on Investment,
(ii) Debt - Equity Ratio and
(iii) Stock
Turnover Ratio. (Marks 5)
Q14) Prepare a comparative income
statement of X Ltd., with the help of the following
information:
Sales
Cost of goods
sold |
1997
Rs.
1,00,000
60% of
Sales |
1998
Rs.
2,00,000
70% of
Sales |
Indirect expenses
Rate of Income
Tax |
10% of Gross
Profit
50% of Net Profit before
Tax |
(Marks 5)
Q15) What is meant by analysis of
financial statements? Briefly explain horizontal analysis.?
(Marks 6)
Q16) Calculate any three of the
following ratio with the help of he following information :
(i)
Operating ratio, (ii) Current ratio, (iii) Capital turnover ratio
and (iv) Debt to total funds ratio.
Information: Equity
Share Capital Rs. 5,00,000; 12% Debentures Rs. 6,00,000; 9%
Preference Share Capital Rs. 3,00,000; General Reserve Rs. 1,00,000;
Sales Rs. 10,00,000; Opening stock Rs. 80,000; Purchases Rs.
6,00,000; Wages Rs. 1,00,000; Closing Stock Rs. 1,00,000; Selling
and distribution expenses Rs. 20,000; Other current assets Rs.
5,00,000 and Current liabilities Rs.3,00,000 (Marks 6)
Q17) Prepare a Cash Budget of Rama Ltd. for the months of January
to March 1999 from the following information:
| |
Credit Purchases (Rs.) |
Credit Sales (Rs.) |
Wages (Rs.) |
| 1998 |
| November |
2,00,000 |
2,50,000 |
50,000 |
| December |
3,50,000 |
3,00,000 |
60,000 |
| 1999 |
| January |
3,00,000 |
4,50,000 |
70,000 |
| February |
4,00,000 |
2,00,000 |
80,000 |
| March |
5,00,000 |
3,50,000 |
70,000 |
Additional Information :
(i) Expected cash balance as
on 1/1/1999 Rs. 75,000 .
(ii) Suppliers allowed credit of two
months and a credit of two months is allowed to the
customers.
(iii) Lag in payment of wages one month. (Marks 6)
Q18) From the following
Balance Sheets of Rajan Ltd., prepare Cash Flow
Statement:
|
Liabilities |
1997
(Rs.) |
1998
(Rs.) |
Assets |
1997
(Rs.) |
1998
(Rs.) |
Equity
Share Capital
12% Preference Share Capital
General
Reserve
P and L A/c
Creditors |
1,50,000
75,000
20,000
15,000
37,500
|
2,00,000
50,000
35,000
24,000
49,500
|
Goodwill
Building
Plant
Debtors
Stock
Cash |
36,000
80,000
40,000
1,19,000
10,000
12,500
|
20,000
60,000
1,00,000
1,54,500
15,000
9,000
|
| |
2,97,500
|
|
|
2,97,500
|
3,58,500
|
Depreciation
charged on Plant was Rs. 10,000 and on Building Rs. 60,000
(Marks 10)
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