Important Questions - Financial Statement Analysis Commerce Notes | EduRev

Accountancy Class 12

Commerce : Important Questions - Financial Statement Analysis Commerce Notes | EduRev

The document Important Questions - Financial Statement Analysis Commerce Notes | EduRev is a part of the Commerce Course Accountancy Class 12.
All you need of Commerce at this link: Commerce

Important Questions

Q1. State the limitations of financial statement analysis? 

(2)

Q2. Give the headings under which the following items will be shown in a company's Balance Sheet
 (a) Cash in hand
 (b) Land 

(c) Sundry Debtors

(e) Capital Redemption Reserve
(d) Debentures

(f) Loose Tools 

(3)
 

Q3. The following credit balances were extracted from the books of Rama Ltd. on 31st March, 2013: 

(2)

Share Capital (40,000 shares of ~ 10 each fully paid) 4,00,000

Important Questions - Financial Statement Analysis Commerce Notes | EduRev

Draw up the 'liabilty' side of the Balance Sheet according to the requirements of the Companies Act, 2013. Also prepare Notes

Q4. The following debit balances were extracted from the books of Shruti Ltd. as on 31st March, 2013: 

(3)

Important Questions - Financial Statement Analysis Commerce Notes | EduRev

Draw up the 'Assets' side of the Balance Sheet according to the requirements of the Companies Act, 2013. Also prepare Notes

Q5. Prepare a statement for showing the percentage changes in the performance of Lakha ltd.

(4)

Important Questions - Financial Statement Analysis Commerce Notes | EduRev

Q6. From the following information, prepare comparative statements:

(4)

Important Questions - Financial Statement Analysis Commerce Notes | EduRev

 

Q7. What is financial statement analysis and name the different tools of financial statement analysis?

(2)

Q8. Prepare Comparative and common size Balance Sheet from the following information:

(6)

Important Questions - Financial Statement Analysis Commerce Notes | EduRev

 

Q9.  Mudra Ltd. is in the process of preparing its Balance Sheet as per Schedule III, Part I of the Companies Act, 2013 and provides its true and fair view of the financial position.
 a) Under which head and sub-head will the company show ‘Stores and Spares’ in its Balance Sheet?
 b) What is the accounting treatment of ‘Stores and Spares’ when the Company will calculate its Inventory Turnover Ratio?
 c) The management of Mudra Ltd. want to analyse its Financial Statements. State any two objectives of such analysis.
 d) Identify the value being followed by Mudra Ltd. 

(4)

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