Page 463 - AAAXII

Model Test Papers M.443

20. (a) Under what heads and sub-heads the following items will appear in the Balance
Sheet of a company:
(i) Goodwill, (ii) Debentures, (iii) Licences and Franchise?
(b) Distinguish between Intra-firm Analysis and Inter-firm Analysis.
Or
(a) State any two objectives of financial analysis.
(b) State any two objectives of Common-size Balance Sheet. (3 + 1 or 2 + 2)
21. (a) Trade Receivables Turnover Ratio 4 times, Cost of Revenue from Operations
` 3,20,000, Gross Profit Ratio 20%, Closing Trade Receivables were ` 10,000
1
more than that of in the beginning. Cash Revenue from Operations being 33 % of
3
Credit Revenue from Operations. Calculate Opening and Closing Trade Receivables.
(b) State the objective of computing Trade Receivables Turnover Ratio’.
Or
(a) Calculate Trade Receivables Turnover Ratio from the following information:
Closing Debtors ` 40,000; Net Credit Sales being 25% of Net Cash Sales; Excess
of Closing Debtors over Opening Debtors ` 20,000; Total Net Sales ` 1,50,000.
(b) State the objective of computing Proprietary Ratio. (3 + 1)
22. (a) From the following information, prepare Comparative Statement of Profit and
Loss of SRCC Ltd.:
31st March, 2017 31st March, 2018
Revenue from Operations ` 12,00,000 ` 16,00,000
Purchases of Stock-in-Trade ` 7,00,000 ` 9,00,000
Change in inventories of Stock-in-Trade ` 40,000 ` 50,000
Employees Benefit Expenses (Indirect) 20% 18%
(% of Cost of Revenue from Operations)
Tax rate 50% 50%
(b) Calculate Gross Profit Ratio from the above Comparative Income Statement for
the two years. (2 + 2)
23. (a) From the following Statement of Profit and Loss of Downhill Ltd. for the year
ended 31st March, 2018 and additional information, calculate Cash Flow from
Operating Activities:
Particulars Note No. Amount (`)
I. Revenue from Operations 23,92,000
II. Other Income 1 78,000
III. Total Revenue (I + II) 24,70,000
IV. Expenses:
Cost of Materials Consumed 17,20,000
Changes in Inventories of Finished Goods and Work-in-Progress (60,000)
Employees Benefit Expenses 4,20,000
Depreciation and Amortisation Expenses 60,000
Other Expenses 2 80,000
Total Expenses 22,20,000
V. Profit before Tax (III – IV) 2,50,000