Worksheets18.10.2023- Financial Statements
Total questions: 10
Worksheet time: 10mins
On balance sheet, accruals, notes payable, and account payable are listed under which category?
Current Liabilities
Non Current Liabilities
Accumulated Liabilities
Accrued Liabilities
Debit balance to the account of A, who is a customer - In Balance Sheet it will be shown as ____
Sundry Debtors
Sundry Creditors
Trades Payable
Bills Payable
Company has incurred a loss of Rs.10.00 lacs during FY 2021-2022. Under which head the loss of Rs.10.00 lacs will appear in Balance sheet?
Current Liability
Current Assets
Term Liability
Intangible Assets
In a Balance sheet, Total Assets are Rs. 15 lakh and Total Outside Liabilities are Rs.10 lakh. what could be the owner's capital?
Rs. 25 Lakh
Rs. 5 Lakh
Rs. 7.50 Lakh
Rs. 10 Lakh
A company has total assets of Rs.100 lacs and a Net worth of Rs.20.00 lacs. can you guess the leverage ratio i.e. TOL/ATNW of the company?
4
5
6
2.25
Fixed Assets Coverage Ratio (FACR) indicates ______
Total fixed assets that are created in the business
Total fixed assets in relation to current assets
Number of times the value of net fixed assets covers term liabilities
Number of times the gross block covers term liabilities
Owner's Equity 10 lakh, Creditors 8 lakh, TL 12 lakh, Debtors 6 lakh, FA 4 lakh, Investment in Group Co. 7 lakh, stock 8 lakh, software 5 lakh. Please calculate ATNW?
Rs. 24 Lakh
Rs. 3 Lakh
Rs. 10 Lakh
(Rs. 2 Lakh)
Contingent liability is shown as _____
A foot note in Balance sheet
A term liability in the Balance Sheet
A current liability in the Balance Sheet
In profit & Loss Account
Total Assets of a firm is Rs 80 lakh. Its net worth and term liabilities are Rs 15 and 20 lakh respectively. calculate current liability?
Rs. 35 Lakh
Rs. 45 Lakh
Rs. 115 Lakh
Rs. 65 Lakh
Which of the following will not be treated as part of Current Assets in case of Working capital assessment?
Stock in process
Advances to supplier of capital goods
Advances to supplier of Raw Material
Credit Balance in Cash Credit Account
