EXCELLENCE EDUCARE

STD VIII DATTA MEGHE SOCIAL SCIENCE TIME 1:30 hrs

DATE 10/06/2017 Marks 40

Q1. State any two objective of cash flow statement . (1)

Q2. What is AS – 3?(1)
Q3. State the objective of ratio analysis. (1)
Q4. Give the meaning of Contingent Liability. Give any three examples also. (3)
Q5 Prepare a comparative Balance sheet of Divyansh LTD., with the help of the following Balance sheet(4)
LIABILITIES 2009 (RS) 2010 (RS) ASSETS 2009(RS) 2010(RS)
Equity share capital 7,50,000 9,00,000 Fixed asset 12,45,000 11,55,000
General reserve 1,50,000 2,25,000 Current asset 6,15,000 7,95,000
12% debenture 2,70,000 1,80,000 Preliminary Exp 45,000 30,000
Unsecured loan 1,60,000 1,20,000
Current liabilities 3,75,000 4,20,000
Profit and loss a/c 1,80,000 1,35,000
19,05,000 19,80,000 19,05,000 19,80,000

Q7.Give the answer to the following – (2+ 2)

(i) stock turnover ratio 5 times; cost of goods sold rs 18,90,000. Stock at the end is 2.5 times more
than that at the beginning. Calculate the opening stock and closing stock.
(ii) Current liabilities of a company are Rs. 6,00,000. Its Current ratio is 3:1 and liquid ratio is 1:1
Calculate the value of stock.
Q8. The following is the Balance sheet of priya ltd., as on 31st December,2009 and 31st December, 2010 (6)
LIABILITIES 2009 (RS) 2010 (RS) ASSETS 2009(RS) 2010(RS)
share capital 2,00,000 2,00,000 Fixed asset(gross) 2,20,000 3,75,000
Profit and loss a/c 20,000 1,25,000 Less: accumulated 36,000 52,000
Mortage loan 50,000 75,000 Depreciation
Provision for tax 10,000 15,000 Net fixed asset 1,84,000 3,23,000
Proposed dividend 20,000 28,000 Stock 50,000 72,000
creditors 70,000 36,000 Debtors 60,000 51,000
Bills receivable 15,000 ----
Prepaid expenses 2,000 ----
Cash at bank 59,000 33,000
3,70,000 4,79,000 3,70,000 4,79,000
Prepare a cash flow statement as per AS -3(revised).
Q1. Define investing activities. (1)
Q2. How the non- cash transactions are ignored in cash flow statement? (1)
Q3. How ratio analysis is affected by the price level change. (1)
Q4. How financial Statement analysis is helpful in judging the Profitability, liquidity and solvency of a
firm? Explain briefly (3)
Q5. Prepare a comparative income statement with the help of the following information. (4)
Particulars 2009(rs) 2010(rs)
Purchase 30,000 45,000
Manufacturing expenses 7,000 10,000
Stock adjustement (-)2,000 (+) 1,000
Total 35,000 56,000
Gross profit 5,000 2,000
40,000 58,000
Q6. Following is the information given
particulars Rs.
Equity share capital 5,00,000
9% preference share capital 4,00,000
12% debenture 2,40,000
General reserve 40,000
Sales 8,00,000
Opening stock 48,000
Purchases 5,00,000
Wages 30,000
Closing stock 52,000
Selling and distribution expenses 6,000
Other current asset 2,00,000
Current liabilities 1,50,000
Calculate the following ratio –
(i) operating ratio (ii) current ratio (iii) stock turnover ratio (iv) debt-equity ratio.
Q7. Following is the balance sheet of vandana ltd.
Balance sheet
Liability 31-3-09(rs) 31-3-10(rs) assets 31-3-09(rs) 31-3-09(rs)
Equity share
capital
12%pref.
share capital
15%
debenture