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Model Test Papers M.85
19. State with reason whether following would result in inflow, outflow or no flow of cash:

(i) Cash withdrawn from bank for office use.
(ii) Sale of Marketable Securities at Book Value. (1)
20. (a) What is meant by analysis of financial statements?

(b) How are the following items shown in the Balance Sheet of a company:
(i) Licence for Franchise, (ii) Accrued Income,
(iii) Stores and Spares, (iv) Mastheads and Publishing Title,
(v) Bank Overdraft, and (vi) Unpaid Dividend?
(1 + 3)

21. From the following information, prepare Comparative Balance Sheet of HMSC Ltd.:

Particulars 31st March, 31st March,
2018 (`) 2017 (`)

Shareholders’ Funds 44,40,000 24,00,000
Non-Current Liabilities 12,00,000 12,00,000
Current Liabilities 3,60,000 4,00,000
Non-Current Assets 50,40,000 28,00,000
Current Assets 9,60,000 12,00,000

Or
Prepare Comparative Statement of Profit and Loss from the following information
extracted from the Statement of Profit and Loss of Fun Sports Ltd. for the year ended
31st March, 2018:
Particulars 31st March, 31st March,
2018 2017
Revenue from Operations ` 70,00,000 ` 50,00,000
Employee Benefit Expenses ` 35,00,000 ` 20,00,000
Depreciation ` 8,00,000 ` 5,00,000
Other Expenses ` 16,00,000 ` 12,00,000
Tax Rate 40% 40%
(4)
22. From the following information, calculate (i) Current Ratio; (ii) Quick Ratio:

Particulars ` Particulars `
Trade Receivables 8,00,000 Bills Payable 1,60,000
Inventory 3,20,000 Sundry Creditors 3,20,000
Marketable Securities 1,60,000 9% Debentures 4,00,000
Cash and Bank Balances 2,40,000 Expenses Payable 3,20,000
Prepaid Expenses 80,000 Revenue from Operations 40,00,000
(4)