Cash Flow Statement CBSE Questions & Answers - EduCoop.com

Loading...

Cash Flow Statement CBSE Questions & Answers This is Accountancy Class 12 Cash Flow Statement CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

HIDE ANSWERS

Q.1) Increase in share capital due to bonus share will be ____ in the Cash flow statement since it is the capitalization of reserves

A. None of these B. Deducted C. Added D. Not be shown

Correct Answer: Not be shown

Q.2) Which of the following account will not be included in Cash Flow statement

A. Dividend Received B. Share issue expenses C. Interest paid D. Bonus share

Correct Answer: Bonus share

Q.3) Which of the following statements does not correctly describe an adjustment to net income when determining cash flows from operating activities when using the indirect method?

A. An increase in accounts payable will be added to net income B. An increase in accounts receivable will be deducted from net income. C. An increase in accrued liabilities will be deducted from net income. D. A loss on the sale of a depreciable asset will be added to net income.

Correct Answer: An increase in accrued liabilities will be deducted from net income.

Q.4) Which one is an example of a transaction a part of which is classified as an investing activity and another part is classified as a financing activity

A. Payment to Debtors B. payment of salary to staff C. payment for purchase of fixed assets D. Payment of installments of an asset purchased on Hire-purchase basis

Correct Answer: Payment of installments of an asset purchased on Hire-purchase basis

Q.5) Purchase of plant and machinery will be _______

A. Deducted in Financing activities B. Added in Financing activities C. Added in Investing activities D. Deducted in investing activities

Correct Answer: Deducted in investing activities

Q.6) Michelle Company reported the following for its most recent fiscal year. Calculate cash flow from indirect method

A. Rs.546000 B. Rs.596000 C. Rs.236000 D. Rs.336000

Correct Answer: Rs.236000

Q.7) Assume the balance of Equipment for Mohan Company was Rs.100,000 at the beginning of the year and Rs.120,000 at the end of the year. Equipment increased by

A. Rs.0000 B. Rs.40000 C. Rs.20,000 D. Rs.12000

Correct Answer: Rs.20,000

Q.8) A detailed reconstruction of Equipment revealed the following: The equipment sold had an original cost of Rs.10,000 and accumulated depreciation of Rs.,000, so its book value was Rs.6,000. Assuming the equipment was sold for Rs.5,000, a loss of Rs.1,000 on sale of equipment was incurred. The investing activities section for Michelle Company would report the following:

A. Profit of Rs.2000 B. Profit of Rs.1000 C. Loss of Rs.2000 D. Loss of Rs.1000

Correct Answer: Loss of Rs.1000

Q.9) if a company issued stock for Rs.50,000 but repaid debt of Rs.20,000, the financing activities section would report the Net cash provided by financing activities

A. Rs.20000 B. Rs.20000 C. Rs.30,000 D. Rs.70000

Correct Answer: Rs.30,000

Q.10) An item of plant costing Rs. 20000 having book value of Rs. 1400 was sold for Rs.18000 during the year and opening balance of provision for depreciation is Rs.30000 and closing balance is Rs.350000. Calculate profit on sale

A. Rs.5000 B. Rs.4000 C. Rs.6000 D. Rs.8000

Correct Answer: Rs.4000

Q.11) From following information calculate cash flow from operating activities

A. Rs.174500 B. Rs.157400 C. Rs.147100 D. Rs.165200

Correct Answer: Rs.147100

Q.12) Purchase of office equipment will affect _________

A. None of these B. Operating activities C. Investing activities D. Financial activities

Correct Answer: Investing activities

Q.13) Calculate cash flow from operating activities Indirect method

A. Rs.30000 B. Rs.28000 C. Rs.32000 D. Rs.34000

Correct Answer: Rs.32000

Q.14) Calculate cash flow from operating activities

A. Rs.19500 B. Rs.19000 C. Rs.18500 D. Rs.19900

Correct Answer: Rs.19000

Q.15) Calculate Net profit before tax. The information given below. Net profit –Rs.11000, Income tax refund- Rs.4000, Proposed dividend-Rs. 5000, Provision for tax- Rs.5000

A. Rs.17000 B. Rs.19000 C. Rs.16000 D. Rs.18000

Correct Answer: Rs.17000

You might also like: class 06 SST civics Rural and Urban Livelihoods CBSE Online Test (http://educoop.com/questions/8ow2.html) NTSE SAT Economics Papers 03 (http://educoop.com/questions/lzn2.html) Improvement In Food Resources Test-04 (http://educoop.com/questions/dz06.html) < Go to Homepage (http://educoop.com/)

Loading...

Cash Flow Statement CBSE Questions & Answers - EduCoop.com

Cash Flow Statement CBSE Questions & Answers This is Accountancy Class 12 Cash Flow Statement CBSE Questions & Answers. There are 15 questions in this...

299KB Sizes 1 Downloads 7 Views

Recommend Documents

Cash Flow Statement - Learn CBSE
Aug 16, 2017 - Question 6. Prepare a format of cash flow from operating activities under direct method and indirect meth

Cash Flow Statement Questions and Answers - Accounting
Want to know all about the cash flow statements? This guide can help you out in getting ample information including deta

Recent questions and answers in Cash Flow Statement and Fund
Recent questions and answers in Cash Flow Statement and Fund Flow Statement. 1 answer. Sir please tell me about the adju

Cash Flow Statement Exam Questions And Answers - WordPress.com
Cash Flow Statement Exam Questions And. Answers. A statement of cash flows contains information about the flows of cash

Cash Flow Statement Indirect Method Questions And Answers Pdf
The statement of cash flows (also known as the cash flow statement) reports. the major Gain access to our 1,700 accounti

Cash Flow Statement - Finance (MCQ) Questions and answers
1) For year 2013 Equity Share Capital is Rs 3,00,000 Preference Share Capital is 1,00,000 10% debentures is 2,00,000 and

cash flow statement direct method questions and answers | Project
Sep 11, 2017 - 60 questions were administered and fifty eight (58) were returned. The responses were then analyzed using

cash flow statement questions and answers - Career Ride
Funds flow/cash flow statement questions and answers on topics like need for Fund Flow Statement & its limitations, basi

Cash Flow Test and Answers | Cash Flow Statement | Book Value
exam in cash flow prep by jadfarran in cash flow exam. ... Financial Accounting Question Test Paper With ANSWERS On Cash

Cash Flow Statement Practice Questions Flashcards | Quizlet
Start studying Cash Flow Statement Practice Questions. Learn vocabulary, terms, and more with flashcards, games, and oth