Cash Flow Statement Test

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Cash Flow Statement Test - 18

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Weekly Quiz Competition

Question 1
1 / -0

A purchased a machinery amounting to Rs.15,00,000 on 1st April, 2000. On 31st March, 2006, the similar machinery could be purchased for Rs. 25,00,000. The present discounted value of the future net cash inflows of that machinery was calculated as Rs. 13,00,000.
On the basis of above the present value of machinery is ____________.

A
Rs. 10,00,000

B
Rs. 25,00,000

C
Rs. 15,00,000

D
Rs. 13,00,000
Question 2
1 / -0

Net profit during the year Rs $$75,000$$ Credit purchases Rs$$3,50,000$$ creditors in the beginning Rs$$1,20,000$$ creditors at the end $$Rs1,50,000$$.
Calculate cash from operation?

A
$$4,25,000$$

B
$$1,95,000$$

C
$$1,05,000$$

D
$$2,25,000$$
Question 3
1 / -0

Decrease in the amount of creditors results in a ________.

A
increase in cash

B
decrease in cash

C
increase in liabilities

D
no change in assets

Solution

Double entry system of accounting says that for every debit there will be a credit. Hence if any amount paid to a creditor will decrease the amount of creditor and on other side, cash will also be decreased.

Accounting entry will be as under:

Creditors A/c Dr.
To Cash A/c
Question 4
1 / -0

Cash flows include _______________.

A
Cash receipts only

B
Cash payments only

C
both (A) and (B)

D
None of these
Question 5
1 / -0

Which of the following document is not a part of annual report and accounts of a public limited corporate body.

A
Projected cash flow statement

B
Statutory Auditors reports

C
Balance sheet

D
Income statement
Question 6
1 / -0

Which of these expenses does not result in cash out flow ___________.

A
Income-tax

B
Dividend

C
Writing off goodwill

D
Interest on loans
Question 7
1 / -0

Cash from operation is equal to _____________.

A
Net profit plus increase in outstanding expenses

B
Net profit minus increase in outstanding expenses

C
Net profit is equal to outstanding expenses

D
None of these

Solution

Cash flow is generated from the following three activities:
1.Operating activity
2.Financing activity
3.Investing activity
Cash flow from operation mean cash flow generated from business activities.
The formula to calculate cash from operation:
Net profit + Increase in outstanding expenses.
Question 8
1 / -0

Income received in advance is a.............

A
Personal a/c

B
Nominal a/c

C
Real a/c

D
Dummy a/c
Question 9
1 / -0

Accrued liability stands for ..

A
Income unearned

B
Unrealized income

C
Unpaid expenses

D
Sundry expenses
Question 10
1 / -0

_______ shows the success or failure of a business. select the most Appropriate.

A
Cash flow statement appropriate answer

B
Retained earning statement

C
Income statement

D
Balance sheet

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Cash Flow Statement Test - 18

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Cash Flow Statement Test - 18

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Question 1

Rs. 10,00,000

Rs. 25,00,000

Rs. 15,00,000

Rs. 13,00,000

Question 2

$$4,25,000$$

$$1,95,000$$

$$1,05,000$$

$$2,25,000$$

Question 3

increase in cash

decrease in cash

increase in liabilities

no change in assets

Solution

Question 4

Cash receipts only

Cash payments only

both (A) and (B)

None of these

Question 5

Projected cash flow statement

Statutory Auditors reports

Balance sheet

Income statement

Question 6

Income-tax

Dividend

Writing off goodwill

Interest on loans

Question 7

Net profit plus increase in outstanding expenses

Net profit minus increase in outstanding expenses

Net profit is equal to outstanding expenses

None of these

Solution

Question 8

Personal a/c

Nominal a/c

Real a/c

Dummy a/c

Question 9

Income unearned

Unrealized income

Unpaid expenses

Sundry expenses

Question 10

Cash flow statement appropriate answer

Retained earning statement

Income statement

Balance sheet

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