Accounting Ratios — Accountancy STD 12 Commerce — Question

Under which heading the item bills discounted but not yet matured will be shown in the balance sheet of a company?

In the absence of partnership agreement, interest on drawings of a partners is charged:

1. At 6% per annum
2. At 9% per annum
3. At 12% per annum
4. No interest is charged

Which of the following items is not an operating expense?

1. Advertising
2. Depreciation of office equipment
3. General management salaries
4. Loss on the sale of motor car

Du-pont system refers to:

1. Stock Index in USA
2. Stock Index in Japan
3. Analyzing profit ratios in terms of profit margin and turnover ratios.
4. All of the above

If a machine whose original cost is ₹ 40,000 having accumulated depreciation ₹ 12,000, were sold for ₹ 34,000 then while preparing Cash Flow Statement its effect on cash flow will be:

Capital gains tax paid on sale of fixed assets should be classified under_________.

1. Financing Activities
2. Investing activities
3. Operating Activities
4. Cash & Cash Equivalents

Dividend received by other than financial enterprise is shown in Cash Flow Statement under:

1. Operating activities.
2. Investing activities.
3. Financing activities.

Fly Ltd, a stock broker, purchased 5,000 shares of Tata Housing Ltd. It is:

Which of the following is not shown under the-heading 'Share Capital' in a Balance Sheet:

1. Subscribed Capital.
2. Issued Capital.
3. Reserve Capital.
4. Authorised Capital.