English
Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

The term fund’ refers to - Accountancy

Advertisements
Advertisements

Question

The term fund’ refers to

Options

  • Current liabilities

  • Working capital

  • Fixed assets

  • Non-current assets

MCQ

Solution

Working capital

shaalaa.com
  Is there an error in this question or solution?
Chapter 8: Financial Statement Analysis - Multiple choice questions [Page 285]

APPEARS IN

Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 8 Financial Statement Analysis
Multiple choice questions | Q I 6. | Page 285

RELATED QUESTIONS

Give one word/term/phrase for the following statement.

An asset which can be converted into cash immediately.


State any one limitation of Analysis of Financial Statement.


State the significance of Analysis of Financial Statements to the ‘Lenders’.


Following incomplete information is available from the records maintained by Mr. Premnath.

Particulars

1.4.2009
Rs.

31.3.2010
Rs.

Cash Balance

Bank Balance

Sundry Debtors

Stock

Furniture

Creditors

10% Bank Loan

12,000

26,000

20,000

24,000

24,000

20,000

20,000

13,000

30,000

26,000

26,000

24,000

20,000

20,000

Additional Information :

(1) Mr. Premnath introduced additional capital in the business amounted to Rs 15,000 on 1st January, 2010.

(2) He has paid life insurance premium Rs 10,000 from the business account and withdrawn goods worth Rs 5,000 for his personal use.

(3) Write off Rs 1,000 as bad debts and maintain reserve for doubtful debts at 5% on remaining debtors.

(4) Provide depreciation at 5% p.a. on furniture.

(5) The closing balance of sundry creditors has been overvalued by Rs 2,000 in the books of account.

(6) Provide Interest on Capital and Bank Loan @ 10% p.a.

Prepare :

(i) Statement of Affairs as on 1.4.2009.

(ii) Statement of Affairs as on 31.3.2010.

(iii) Statement of Profit or Loss for the year ended 31st March, 2010. 


State whether following statement is true or false :
Government is not interested in analysis of financial statement.


Select the appropriate answer from the alternatives given below & rewrite the completed statement:
The methodical classification of financial statement is called _____________.


Answer the following in brief :
What do you mean by analysis of financial statements?

 

Answer the following in brief :
State any three limitations of Analysis of financial statement.


State true or false with reason.

Financial Statement includes only Balance Sheet.


Which of the following statements is not true?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×