9. 0000007394 00000 n During the year 2016-17 he made cash sales of Rs. 80,000, Fixed Assets Rs. 20,00,000 – Rs. Question 2 – M/s Kedar, Profit and loss account showed a net profit of Rs. www.finupdates.in © 2020. All the solutions of Accountancy explained in detail by … x�b```f``���$�00 � +�0p,`� N��½���u9g�G�3\k8߳j�.����^�|��c-� �'�>v^��l/�}���b�c+���a bka������]�����m)�D/�u��Y3�`�ce;���&ɘ��� ��E��I*}!��N�OQg\�3�q�p��"ȑ��"q��L�A���!K��C�E(,�I9���1�����%�t$��L=;圛����*k�O���Q��c0�f^�ٵ��� ����'+�/ ��.����k��V��{{TT�e+���HTl���ʖw�b {�'� �I�+��� >��mB^` (�$[�$] 0000003807 00000 n 0000003542 00000 n You are required to prepare the journal entries for the above-mentioned transactions, assuming all sums due were received. The Candidates who are searching for Financial Accounting Practice Problems and Solutions can find here. 50,00,000. Chapter 7_Financial Statements.xlsx 37 KB 243 Chapter 7_Balance Sheet.pdf 12 KB 244 Chapter 7_Income Statement.pdf 14 KB 244 Chapter 7_Dept Gross Profit Total.pdf 8 KB 244 Chapter 7_Statement of Cash Flow.pdf 11 KB 244 Chapter 7_Statement of Retained Earnings.pdf 7 KB 244 Chapter 7_Statement of Changes in Financial Position.pdf 11 KB 244 7-11 10,000; Other Current Assets Rs. 2,00,000; Closing Inventory Rs. In sum, financial statement analysis is both diagnosis— identifying where a firm has problems—and prognosis—predicting how a firm will perform in the future. 190 0 obj<>stream Question – 8  Riya Limited issued 20,000 14% Debentures of the nominal value of Rs.1,00,00,000 as follows: (a) To sundry persons for cash at 90% of nominal value of Rs. 188 16 20,00,000 – Rs. GoodRed Corp. started operations at the beginni ng of Year 1. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, analysis-of-financial-statements. Here is a compilation of top thirteen accounting problems on ratio analysis with its relevant solutions. Wages paid for erection of Machinery Rs. NCERT Solution For Class 11 Commerce Accountancy Chapter 9 – Financial Statements – 1 furnishes us with an all-inclusive data to all the concepts. been designed to make the financial statements useful, if the analyst finds them not so useful because of the differences in asset accounting, then for that analyst, the usefulness of the statements has indeed been harmed. This was for the amount which B owed to A. You are required to prepare necessary journal entries Journal Entries. • Depends whether market value is above historical cost. 27,00,000 is received from the insurance in full settlement. Dependence of the firm on external sources of financing (such as debt or equity). CHAPTER 18 Financial Statement Analysis ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems If you already have a grasp ... a performance measure, but the main problem is that it includes financing flows. Financial Reporting and Analysis Chapter 5 Solutions Essentials of Financial Statement Analysis Problems Problems P5-1. Classify balance sheet items into … Solution Outline for Problem 8.5 1. 0000001662 00000 n 1,700 was paid out of petty cash. 30,000; Share Capital Rs. Example 1: Preparation of Balance Sheet – Horizontal and Vertical Style: The following trial balance is prepared after preparation of income statement for F. Green as at 31 March 2015.. 60,000. You have 3 hours to complete the exam. Practice Problems along with previous year question papers is one of the basic, way of use. Solution: Operating Ratio = (Cost of Goods Sold + Operating Expenses * 100) / Sales = ((15,440 + 1,843)/ 17,870)*100 = 97% Problem 9. 1,00,000; Current Liabilities Rs. 9,800. On the due date, B approached A for renewal of the bill. Subsequently the following information was obtained from scrutiny of the books: Question 3 – The M/s LG Transport purchased 10 trucks at Rs. The above are some of the financial problems that business can encounter and the solutions that we offer. 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Given the pre-closing (but post adjustments) trial balance below, prepare the in come statement for Year 1 and the balance sheet at the end of Year 1. This will clear students doubts about any question and improve application skills while preparing for board exams. 45,00,000 each on 1st April 2014. (b) To a vendor for purchase of fixed assets worth Rs. M/s Kedar gave away goods valued at Rs. (c) To the banker as collateral security for a loan of Rs. Here we have given some important questions for Financial  Accounting subject. Sections 5 through 8 explain the use of ratios and other analytical data in equity These arrangements were carried through. 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