Chapter 2 Issue and Redemption of Debentures
Chapter 2 Issue and Redemption of Debentures DO IT YOURSELF I 1. Amrit Company Limited purchased assets of the book value of Rs.2,20,000 fromanother company and agreed to make the payment of purchase consideration by issuing 2,000, 10% debentures of Rs.100 each at a premium of 10%. Record necessary journal entries. 2. A company purchased […]
Chapter 6 Cash Flow Statement
Chapter 6 Cash Flow Statement TEST YOUR UNDERSTANDING I DO IT YOUR SELF I Question 1. The profit and loss account of Roy Limited is given here under Question 2. From the following information calculate net cash from operations TEST YOUR UNDERSTANDING II Question 1. Choose one of the two alternatives given below and fill […]
Chapter 5 Accounting Ratios
Chapter 5 Accounting Ratios TEST YOUR UNDERSTANDING I • State which of the following statements are True or False. (a) The only purpose of financial reporting is to keep the managers informed about the progress of operations. Answer False (b) Analyses of data provided in the financial statements a is termed as financial analysis. Answer […]
Chapter 4 Analysis of Financial Statements
TEST YOUR UNDERSTANDING I Chapter 4 Analysis of Financial Statements TEST YOUR UNDERSTANDING I • Fill in the blanks with appropriate word(s). Question 1. Analysis simply means———data. Answer Simplification . Question 2. Interpretation means————-data. Answer Explaining Question 3. Comparative analysis is also known as—————Analysis. Answer Horizontal Question 4. Common size analysis is also known as————–Analysis […]
Chapter 3 Financial Statements of a Company
Chapter 3 Financial Statements of a Company TEST YOUR UNDERSTANDING I • State whether the following statements are true or false. (a) Financial statements are the end products of accounting process. Answer True (b) Financial statements are primarily directed towards the needs of owners. Answer True (c) Facts and figures presented in financial statements are […]
Chapter 1 Accounting for Share Capital
Chapter 1 Accounting for Share Capital Test Your Understanding I • State which of the following statements are true (a) A company is formed according to the provisions of Indian Companies Act, 1932. Answer False (b) A company is an artificial person. Answer True (c)Shareholders of a company are liable for the acts of the […]