What is Financial Accounting? Describe its nature and scope.
What is ratio analysis? Explain the following ratios: Current ratio, Liquid ratio, Operating Ratio and Operating Profit ratio, Net profit ratio, Return on investment.
What is cash management? What are the tools and techniques of cash management?
Explain the nature and scope of Financial Accounting. What is the difference between Management Accounting and Financial Accounting?
Explain and illustrate the following ratios in the interpretation of financial statement: Current Ratio, Gross Profit Ratio, Stock turnover, Operating Ratio.
How would you study the changes in Working Capital in a concern? Why is such a study necessary?
Define Financial Accounting. Explain the nature and scope of Financial Accounting. Differentiate between Financial Accounting and Management Accounting.
Explain the nature and objectives of Financial Management. Explain various long-term sources of financing.
Explain the concept and various components of working capital. What factors would you consider in planning the working capital requirements of a firm?
Define Financial Accounting. Explain the nature and scope of Financial Accounting. Differentiate between Financial Accounting and Management Accounting.
Explain the objectives of Ratio Analysis. Discuss various ratios used to examine the liquidity and solvency positions of a firm.
Calculate the following based on the provided information: Break-Even Point in units, Sales volume to earn a specified profit, and additional units required to increase the profit by a given amount.
From the following figures of Abdulla of Kanpur, prepare a Statement of Affairs and a Deficiency Account as at 31 March, 2017. Assume specified realizations for assets and details provided for liabilities.
Mention the necessary entries in the books of the buyer as well as the seller when goods are sold on the hire-purchase system.
Prepare the necessary accounts in the books of Lessee Vishnoi for first four years based on given lease details.
Explain how the following transactions would be recorded in a Cash Book with Cash and Bank Columns: Deposit of Cash into Bank, Withdrawal of money from Bank for office use, Deposit of cheques (received from others) into Bank, Dishonour of cheques deposited into Bank.
Eti Ltd. issued equity shares with payments in installments. Some shares were forfeited due to non-payment and reissued at a discount. Pass the necessary Journal entries in the books of Eti Ltd.
What are the functions of Accounting? How does 'book-keeping' differ from 'accounting'?
Define goodwill. How does it arise? Explain the treatment of goodwill in partnership accounts on the admission of a new partner: (a) When he brings cash for his share of goodwill and cash is retained in business (b) When he does not bring cash for his share of goodwill. Illustrate your answer by means of Journal entries.
What is depreciation? What is the need for providing depreciation? Describe two methods of providing depreciation. Also explain the effects of depreciation on P&L Account and Balance Sheet.
What do you mean by Final Accounts? What is their necessity?
A Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 payable as follows: Rs. 25 on application; Rs. 45 on allotment (including premium); Rs. 20 on 1st call; Rs. 30 on final call. 9,000 shares were applied for and allotted. All money were received with exception of first and final call on 200 shares held by Shyam. These shares were forfeited. Give necessary Journal entries and prepare Bank Account and Balance Sheet.
PLtd. acquired 75% of shares of A Ltd. on 31st Dec 2019 when the P & L a/c was 6000(Cr). Later on A Ltd. purchased all the shares of B Ltd. on 31st Dec 2020, when the profit of B Ltd. was 4,800(Cr). Prepare the consolidated balance sheet.
On the reconstruction of a company, the following terms were agreed upon: Make the Journal entries in the books of the company based on the above reconstruction.
Discuss various requirements of corporate reporting for shareholder's value added.
A company went into voluntary liquidation. 3,50,000 were realised from its assets. It does not include that amount which is received by selling those securities, which are with fully secured creditors. Following was the position: Share capital: 1,000 shares of 100 each, Fully secured creditors, Preferential creditors, Unsecured creditors, Debentures having a floating charge on the assets of the company, Liquidation expenses, Remuneration of liquidator. Prepare the final statement of account of liquidator.
X Limited adopts FIFO method. From the detail given below, ascertain the value of cost of sales and closing stock under C.P.P. method.
Define a holding and subsidiary company and state what documents relating to subsidiary company should be attached to the Balance Sheet of holding company.
What do you understand by inflation accounting? Describe the merits and demerits of inflation accounting.
What is corporate financial reporting? What are its objectives?