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Analysis of financial statement 1

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Debentures redeemable after 10 years from the date of issue are shown as

a)

Long-term borrowings

b)

Other long-term liabilities

c)

Short-term borrowings

d)

Other short-term liabilities

2.

Name the item out of the following which is shown as short-term provision

a)

Provision for tax

b)

Interest accrued but not due

c)

Employees' provident fund

d)

Interest accrued and due

3.

Money received against share warrants is shown as

a)

Shareholders' funds

b)

Other long-term liabilities

c)

Long-term provisions

d)

Other current liabilities

4.

Share application money (refundable) is shown as

a)

Other long-term liabilities

b)

Other current liabilities

c)

Short-term provisions

d)

Short-term borrowings

5.

Calls-in-advance and interest thereon is shown as

a)

Shareholders' funds

b)

Other non-current liabilities

c)

Other current liabilities

d)

Trade payables

6.

Mining rights

a)

Tangible fixed assets

b)

Intangible fixed assets

c)

Intangible assets under development

d)

Capital work-in-progress

7.

Premium on redemption of debentures is shown as

a)

Long-term borrowings

b)

Short-term borrowings

c)

Other long-term liabilities

d)

Short-term provisions

8.

Bills payable is shown as

a)

Long-term borrowings

b)

Short-term borrowings

c)

Other current liabilities

d)

Trade payables

9.

Surplus, i.e., Balance in Statement of profit and loss is shown as

a)

Share capital

b)

Reserves and surplus

c)

Other long-term liabilities

d)

Current liabilities

10.

In a company's Balance Sheet, Debit (Negative) balance of Statement of profit and loss is shown as

a)

Non-current liabilities

b)

Current liabilities

c)

Non-current assets

d)

Reserves and surplus