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Que. 1 The following data are related to a company for the financial year 2023-2024. (All figures are in Rupees except when specifically mentioned otherwise)
Amortization: 100 Interest payment: 200 Income tax: 100 Depreciation: 200 Other operating expenses: 500 Dividend: 200 Gross profit: 1,500
What is the OPERATING PROFIT for the year 2023-24? (Be mindful of excess data)
Que. 2 The following data are related to a company for the financial year 2023-2024. (All figures are in Rupees except when specifically mentioned otherwise)
The book value of the fixed asset of the company as of 31-3-2023 is Rs.1,500. The depreciation rate is 10% using the declining value method (this is the method followed in practice sum). The company purchases machinery worth Rs. 1000 during the year 2023-24 and sells fixed assets of book value Rs. 300 during the year. What is the book value of the fixed assets as of 31.03.2024? Be mindful of excess data.
a) Both the balance sheet and profit & loss account pertain to a financial year. b) The cash flow statement pertains to a period of time. c) The balance sheet of a company pertains to a period of time such as a financial year. d) The profit & loss account pertains to a particular date. e) The cash flow statement pertains to a particular date.
Que. 5 A company sells pens. Following information pertains to its operation in a particular year (All data are in Rupees except when otherwise mentioned):
Per unit selling price of pen: ₹ 10 Number of pens sold during the year: 100 (number) Closing Stock: ₹ 100 Depreciation: ₹ 100 Opening Stock: ₹ 50 Amortization: ₹100 Purchase of pens: ₹ 800
What is the gross profit margin during this period?
Que. 6 Following data are related to a company for the financial year 2022-2023. (All figures are in Rupees except when specifically mentioned otherwise)
Que. 7 Following data are related to a company for the financial year 2023-2024. (All figures are in Rupees except when specifically mentioned otherwise)
Que. 8 Following data are related to a company for the financial year 2023-2024. (All figures are in Rupees except when specifically mentioned otherwise)
Que. 9 The following data are related to a company for the financial year 2023-2024. (All figures are in Rupees except when specifically mentioned otherwise)
Gross profit: 950 Interest payment: 50 Depreciation: 50 Other operating expenses: 250 Dividend: 100 Reserves and surplus as of 31-3-2023: 900
The company pays income tax @30%. What is the amount of reserves and surplus of the company as of 31-3-2024?
