Select Board & Class
what can be expected questions and answers for viva in accountancy practical on final accounts,accounting ratios and cash flow statements.The practical exam is on 30/1/14...i want some sample questions on viva before 29/1/14.....
Ts grewal solutions
What about Accountancy Project? Is there CBSE guidelines about the project? What is the topic of the Project, and how to make it?
are the users of financial ratio analysis? Explain the significance
of ratio analysis to them?
Can a partner be exempted from sharing losses in a firm? If yes, under what circumstaances
Why are preliminary expenses deducted , to calculate Shareholder's funds; while calculating Debt-equity ratio?
ratio analysis is conducted by four groups of analysts: managers,
equity investors, long-term creditors, and short-term creditors. What
is the primary emphasis of each of these groups in evaluating ratios?
que1: stock turnover ratio 5 times, cost of goods sold 18,99,000. calculate opening stock and closing stock if stock at the end is 2.5 times more than that in the beginning.?
que2: 1) 3,00,000 is the cost of goods soid.inventory turnover ratio 8 times; stock in the beginning is 2 times more than the stock at the end.calculate the value of opening and closing stock.?
2) a trader carries an average stock of 80,000. his stock turnover ratio is 12times.find out his profit;if he sells at a profit of 20%on sales?
que3: cash sales 20% of total sales, credit sales4,50,000, gross profit 25% on cost, opening stock 37,500; closing stock1,12,500?
que4: a ltd copmpany made credit sales of 4,00,000 during the financial period if the collection period is 36 days and year is assumed to be 360days, calculate the debtors turnover , average debtor?
calculate gross profit ratio from the following :
credit revenue from operation were 1/4th of total revenue from operations.
credit revenue from operations were rs 1,20,000 .
credit purchases were 1/5th of cash purchases.
credit purchases were rs. 40,000.
opening inventory rs 70,000.
it was rs 20,000 more than closing inventory.
carriage rs 15,000
wages rs 45,000
Q3) DSQ Company Ltd, a diversified company, has three divisions, cement, fertilizers and textiles. The summary of the company’s profit is given below :
Less : Variable Cost
Less : Fixed Cost (allocated to divisions in proportion to volumes of Sales)
After allocating the company’s fixed overheads to products the Fertilizers, division incurs a loss of Rs 2.4 crore. Should the company drop this division?
Q2) Usha Company produces three consumer products : P, Q and R. The management of the company wants to determine the most profitable mix. The cost accountant has supplied the following data.
Usha Company : Sales and Cost Data
Material Cost per unit
Rate per Kg (Rs)
Cost per unit (Rs)
Labour Cost per unit
Variable Overheads per unit
Fixed Overheads (Rs .000)
Current Sales (Units ,000)
Projected Sales (Units ,000)
Selling Price per unit (Rs)
Raw material used by the firm is in short supply and the firm can expect a maximum supply of 350 lakh kg for next year. Is the company’s projected sales mix most profitable or can it be changed for the better?
answers of v wason..........
of chapter accounting ratios
Analyse the performance of Rupa and Co. for the year ending March 31, 2015 and 2014 with the help of information given below by using accounting ratios:
March 31,2015 March 31,2014
Revenue from operations. 75,00,000 60,00,000
Cost of revenue from operations. 57,00,000 45,00,000
Administrative & selling exp. 5,70,000 4,80,000
Depreciation on Plant & machinery 3,01,500 2,40,000
Depreciation on furniture 50,000 30,000
Share issue exp. written off 10,000 10,000
Interest on long term debts 96,000 80,000
Provision for Taxation 1,37,700 1,00,000
as at 31st March 2015 and 2014
Particulars. Note 31.3.2015 31.3.2014
I. EQUITY AND LIABILITIES : ₹ ₹
Share Capital. 1. 18,00,000 18,00,000
Reserve and Surplus 14,70,000 8,35,200
Long term borrowings 2. 12,00,000 10,00,000
Trade payables 8,22,300 5,04,800
Short term provision 3. 1,37,700 1,00,000
TOTAL 54,30,000 42,40,000
II. ASSETS :
Fixed Assets 31,35,000 25,83,000
Investments 1,05,000 1,05,000
Other Non Current Assets 4. 20,000 30,000
Inventory 12,00,000 9,00,000
Trade Receivables 9,00,000 5,00,000
Cash & Cash Equivalents 60,000 1,12,000
Other Current Assets 5. 10,000 10,000
TOTAL 54,30,000 42,40,000
Debtors Turnover Ratio=4times
Stock Turnover Ratio= 8times
Current ratio= 3:1
Average Debtors= 1,80,000
Working Capital Turnover Ratio= 8times
Cash sales 25% of total sales
Gross Profit Ratio= 33.33%
Closing Stock Rs 10,000 in excess of opening stock
Based on the above information, Calculate
what are ficticious assets???
While calculating proprietary ratio, should we deduct PRELIMINARY EXPENSES from shareholder's fund i.e, (share capital+reserves and surplus) ??
are liquidity ratios? Discuss the importance of current and liquid
debtors, turnover ratio: 4 times; stock turnover ratio :8 times; current ratio : 3; average debtor: RS. 1,80,000; working capital turnover ratio: 8 times ; cash sales 25 % of total sales; gross profit ratio 33 x 1/3%; closing stock RS. 10,000 in excess of opening stock.
find (1). sales; (2). cost of good sold (3) closing stock....?
calculate debt equity ratio,total asset to debt ratio and proprietory ratio
calculate debt equity ratio
calculate operating profit ratio if operating ratio is 78%(Ans is 22 %) but how?
calculate opening inventory from flowing ; 1]closing inventory -68000
2]total sales-480000[including cash sales 120000]
3]total purchase-360000[including credit purchase 239200]
goods are sold at a profit of 25% on cost.
CALCULATE OPERATING RATIO AND PROPRIETARY RATIO :
CASH SALES = 10,00,000 ;
CREDIT SALES = 120% OF CASH SALES ;
OPERATING EXPENSES = 10% OF TOTAL SALES ;
RATE OF GROSS PROFIT = 40% ;
OPENING STOCK = 1,50,000 ;
CLOSING STOCK = 1,70,000 ;
CURRENT ASSETS = 3,00,000 ;
CURRENT LIABILITIES = 2,00,000 ;
SHARE CAPITAL = 6,00,000 ;
FIXED ASSETS = 5,00,000
calculate proprietary ratio:
NET SALES = Rs. 5,00,000 ;
GROSS PROFIT = Rs. 1,50,000 ;
TOTAL CURRENT ASSETS = Rs. 3,00,000 ;
CLOSING STOCK = Rs. 25,000 ;
PREPAID INSURANCE = Rs. 5,000 ;
TOTAL CURRENT LIABILITIES = Rs. 1,50,000 ;
SHARE CAPITAL = Rs. 4,00,000 ;
RESERVES AND SURPLUS = Rs. 50,000 ;
PRELIMINARY EXPENSES = Rs. 7,000 ;
FIXED ASSETS = Rs. 6,00,000
what is capital employed?
Calculate gross profit ratio:
Avg. stock = Rs. 15,000 ; stock turnover ratio = 5 times ; selling price = 125% of the cost.
Why marketable securities, advance against salary, interest accrued and fixed deposits with bank are put under CURRENT ASSETS ?
Why income received in advance and provision for tax are put under CURRENT LIABILITIES ?
How payment of dividend will improve the current ratio ?
Why quick assets does not include stock, prepaid insurance, advance salary and advance for purchase of land ?
calculate the gross profit ratio when cash sales :25% of total sales ; purchase RS 276000 credit sales RS 240000; excess of closing stock over opening stock : RS 20000
i am having problems with accounting ratios.
Please help me understan activity ratios and also what does it mean when it is given
20% gross profit on cost or 20% gross profit on Sales.
How do i apply them ahead..
Calculate net profit ratio :
Gross Profit Ratio of a company was 30% . Its credit sales were Rs. 4,00,000 and its cash sales were 80% of the total sales. Indirect expenses of the company were Rs. 25,000 and direct expense were Rs. 30,000.
Please explain what are deferred tax assets and deferred tax liabilities in simple words?
In ratios illustration 80 page 5.70 DK Goel. (2014 edition)
Operating income (commission ) is 2000 due to which operating profit ratio is 18%.
But in this question operating ratio = 83 % where cost = 125000 and other operating expense 41000 . Total expenses = 166,000
Operating ratio = cost + operating expenses / Net sales x 100
= 166,000 / 200,000 x 100 = 83 %.
SO operating ratio + operating profit ratio is not equal to 100.
This is just because operating income (commission) in not included anywhere while calculating operating ratio though it is added in calculating operating profit .
So what should be the correct approach in this question ?
CALCULATE GP RATIO.
SELLING PRICE 25% ABOVE COST.
From the following, calculate working capital turnover ratio:
Sales= Rs. 76,800; Current assets = Rs. 62,400 ; Net profit = Rs. 3,60,000; current liabilities =Rs. 38,400 less than current assets; fixed assets = Rs. 60,000
Assuming that debt-equity ratio is 2:1. State giving reasons whether this ratio will increase or decrease or will have no change.
Ts grewal s6lutions
experts i wanna ur help in solving the following problems of accounting ratios of book T.S. GREWAL
a] 2 and 3 part of 21 question
b] 3 part of 22 question
c] 28 , 29 , 30, and 57 of practical problems.
state how personal bias get reflected in ratio analysis
what is the difference between NET PROFIT and and OPERATING NON PROFIT.?i am given a frmula that GP+OPERATING/NON OPERATIVE INCOME - OPERATING/NON OPERTING EXPENSES=OPERATIVE PROFIT/ OPERTAINGNETPROFITwhich means that therer is no difference between operating net profit and operating profit...and also the formula given regarding NET PROFIT=GP +OPERATING/NON OPERTING EXPENSES=OPERATIVE PROFIT/ OPERTAINGNETPROFITTHEN WHAT IS DIFFERENCE BETWEEN OPERATING PROFIT AND NET PROFIT?AND ALSO PLZ DO LIST THE FORMULAS OF GP, NP ,OPERATING PROFIT,OPERATING NET PROFIT,NET PROFIT....
Copyright © 2021 Aakash EduTech Pvt. Ltd. All rights reserved.
E.g: 9876543210, 01112345678
We will give you a call shortly, Thank You
Office hours: 9:00 am to 9:00 pm IST (7 days a week)