1.
An investment normally qualifies as cash-equivalent only when from the date of acquisition it has a short maturity period of:
1 out of 10
2.
X Ltd. purchased furniture for Rs. 20,00,000 paying 60% by issue of equity shares of Rs. 10 each and the balance by a cheque. This transaction will result in :
2 out of 10
3.
Paid Rs. 4,00,000 to acquire shares in R.V. Ltd. and received a dividend of Rs. 40,000 after acquisition. These transactions will result in
3 out of 10
4.
Sale of marketable securities at par' would result
4 out of 10
5.
Interest received by other than financial enterprise' is shown in cash flow statement under
5 out of 10
6.
While calculating cash flow from operating activity, payment and receipts shown in profit and loss account are converted into payment and receipt in cash by eliminating
6 out of 10
7.
What will be the treatment of proposed dividend (current year) to calculate cash flow from operating activities?
7 out of 10
8.
Profit before tax of a company was Rs. 2,74,0O0. Calculate profit before working capital changes from the following information:
Depreciation on fixed asset Rs. 20,000
Transfer to general reserve Rs. 44,000
Loss on sale of furniture Rs. 1,000
Profit on sale of machinery Rs. 6,000
8 out of 10
9.
Rent received will be classified under
9 out of 10
10.
ABC Ltd has the investment @ 10%, opening balance of the investment was Rs. 5,00,000 and closing balance was Rs. 10,00,000. Half of the investment held in the beginning of the year was sold at 10% profit. Calculate purchase value of investment.
10 out of 10
