Cash Flow Statement Test

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Cash Flow Statement Test - 17

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Weekly Quiz Competition

Question 1
1 / -0

Which of these is a non-operating income?

A
Dividend on investment

B
Recovery of bad debts

C
Sale proceed of goods sold

D
Discount given by suppliers
Question 2
1 / -0

Which of these a/c appearing in trial balance is not transferred to Income statement?

A
Salary a/c

B
Purchase a/c

C
Accumulated depreciation a/c

D
Bad debts a/c
Question 3
1 / -0

From the following estimate total sales :
Cash sales Rs. 20,000, Cash collection from debtors Rs. 130,000, bad debts during the year 15,000, Cash discount to debtors Rs. 5000. Debtors as on 1.1.2014 Rs. 25,000 Debtors as on 31.12.2014 Rs. 55,000

A
Rs. 150,000

B
Rs. 180,000

C
Rs. 200,000

D
Rs. 190,000
Question 4
1 / -0

Income and expenditure a/s is prepared by which of these types of concerns.

A
Manufacturing concerns

B
Multinational companies

C
Private limited companies

D
Non-trading concerns like club, hospitals, schools etc.
Question 5
1 / -0

Choose the true statement..........

A
Income and gain A/cs shows increase in credit side

B
Expenses and losses A/cs shows reduction in balance on debit side

C
Assets A/c can have credit balance also

D
Debtors are the owing of the business
Question 6
1 / -0

XYA Ltd. purchased a plant of Rs. 60,000 from PQR Ltd. The company paid Rs. 15000 in cash and agreed to allottee sufficient number of equity shares of Rs. 10 each at a discount of 10%. Find the number of shares to be allotted to PQR Ltd.

A
40,000

B
45,000

C
5000

D
4500
Question 7
1 / -0

Which of the following inventory method assumed that cost should be charged against revenue in the order in which they were incurred........

A
LIFO

B
FIFO

C
Standard Cost

D
Base stock method
Question 8
1 / -0

From which of these statements/documents one would know the cash generating activities of a company.

A
Cash flow statement

B
Profit and loss appropriation a/c

C
Profit and loss a/c

D
Balance sheet
Question 9
1 / -0

Income or expenses which arises in the current period as a result of errors or omission in the preparation of financial statement of one or more prior period are known as.

A
prior-period items

B
extraordinary items

C
abnormal items

D
non-ordinary items
Question 10
1 / -0

Net profit during the year $$Rs3,00,000$$ Debtors in the beginning Rs$$75,000$$ Debtors at the end Rs$$80,000$$ Calculate cash from operations?

A
$$2,95,000$$

B
$$3,05,000$$

C
$$3,75,000$$

D
$$3,80,000$$

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Cash Flow Statement Test - 17

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Cash Flow Statement Test - 17

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SHARING IS CARING

Question 1

Dividend on investment

Recovery of bad debts

Sale proceed of goods sold

Discount given by suppliers

Question 2

Salary a/c

Purchase a/c

Accumulated depreciation a/c

Bad debts a/c

Question 3

Rs. 150,000

Rs. 180,000

Rs. 200,000

Rs. 190,000

Question 4

Manufacturing concerns

Multinational companies

Private limited companies

Non-trading concerns like club, hospitals, schools etc.

Question 5

Income and gain A/cs shows increase in credit side

Expenses and losses A/cs shows reduction in balance on debit side

Assets A/c can have credit balance also

Debtors are the owing of the business

Question 6

40,000

45,000

5000

4500

Question 7

LIFO

FIFO

Standard Cost

Base stock method

Question 8

Cash flow statement

Profit and loss appropriation a/c

Profit and loss a/c

Balance sheet

Question 9

prior-period items

extraordinary items

abnormal items

non-ordinary items

Question 10

$$2,95,000$$

$$3,05,000$$

$$3,75,000$$

$$3,80,000$$

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