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Model Test Papers M.313

PART B
ANALYSIS OF FINANCIAL STATEMENTS
18. Blue Star Ltd. has Plant and Machinery whose written down value on 1st April, 2018
was ` 3,60,000 and 31st March, 2018 was ` 4,50,000. Depreciation for the year was
` 40,000. At the beginning of the year, a piece of machinery costing ` 30,000 (Book
Value ` 20,000) was sold at 25% profit on book value.
Calculate Cash Flow from Investing Activities. (1)
19. State with reason whether Sale of Marketable Securities at par would result in inflow,
outflow or no flow of Cash or Cash Equivalents. (1)
20. (a) Under which heads and sub-heads the following items will be shown in the Balance
Sheet of a company as per Schedule III, Part I of the Companies Act, 2013:
(i) Long-term borrowings; (ii) Trade Payables;
(iii) Provision for Tax; (iv) Securities Premium Reserve;
(v) Patents; (vi) Accrued Incomes?
(b) What is meant by Trade Payable? (3 + 1)
21. (a) What is meant by Trade Receivable?
(b) Given below is the information extracted from the books of Shyam Ltd.:
Particulars 31st March, 2018 (`) 31st March, 2017 (`)
Revenue from Operations 20,00,000 17,50,000
Purchases of Stock-in-Trade 10,00,000 8,25,000
Change in Inventories of Stock-in-Trade 1,70,000 1,50,000
Other Expenses 11,500 7,700
Prepare Comparative Statement of Profit and Loss on the basis of the above information.
Or
(a) What is meant by an Operating Cycle?
(b) Prepare Common-size Balance Sheet from the following information:
Particulars 31st March, 2018 (`) 31st March, 2017 (`)
Shareholders’ Funds 9,00,000 6,00,000
Non-current Liabilities 3,00,000 3,00,000
Current Liabilities 3,00,000 1,00,000
Non-current Assets 10,50,000 7,00,000
Current Assets 4,50,000 3,00,000
(1 + 3)
22. (a) From the following information:
Cost of Revenue from Operations ` 6,00,000
Gross Profit 1/3 of Cost
Opening Trade Receivables ` 2,10,000
Closing Trade Receivables ` 1,90,000
Calculate Trade Receivables Turnover Ratio, if Cash Revenue from Operations is
25% of Credit Revenue from Operations.
(b) Operating Ratio of a company is 60%. State giving reason, which of the following
transactions will (i) increase, (ii) decrease, or (iii) not alter the Operating Ratio:
(i) Purchase of goods of ` 50,000.
(ii) Goods costing ` 10,000 withdrawn for personal use.
(iii) Loss on Sale of Machinery ` 5,000.
(iv) Increase in office and selling expenses.