subject

Financial Statements of Companies

Commerce ⇒ Accountancy

Financial Statements of Companies starts at 12 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Financial Statements of Companies. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 12
A company has Net Profit before Tax of Rs. 5,00,000. Provision for Tax is Rs. 1,00,000. What is the Net Profit after Tax?
A company has the following balances as on 31st March 2024: Equity Share Capital Rs. 10,00,000; Securities Premium Rs. 2,00,000; General Reserve Rs. 1,50,000; Retained Earnings Rs. 50,000. What is the total amount to be shown under 'Other Equity'?
A company has the following balances: Inventories Rs. 2,00,000; Trade Receivables Rs. 1,50,000; Cash and Cash Equivalents Rs. 50,000; Short-term Loans and Advances Rs. 1,00,000. What is the total amount of Current Assets?
Define 'Share Capital' as per the financial statements of a company.
Explain the difference between 'Equity Share Capital' and 'Preference Share Capital'.
Explain the meaning of 'Deferred Tax Liability' and its treatment in the Balance Sheet.
Explain the meaning of 'Earnings Per Share' (EPS) and its significance in the financial statements of a company.
Explain the term 'Contingent Liabilities' with an example.
Explain the treatment of 'Calls in Arrears' in the financial statements of a company.
Explain the treatment of 'Provision for Doubtful Debts' in the financial statements of a company.
Explain the treatment of 'Unclaimed Dividend' in the financial statements of a company.
State any two items that are shown under 'Current Liabilities' in the Balance Sheet of a company.
State any two items that are shown under 'Non-Current Assets' in the Balance Sheet of a company.
State any two items that are shown under 'Other Current Liabilities' in the Balance Sheet of a company.
State any two items that are shown under 'Other Non-Current Assets' in the Balance Sheet of a company.
What is the purpose of preparing Notes to Accounts in the financial statements of a company?