Assignment 1

2016 March 1 Opening Stock 10,000 units @ Rs.10 each

Further purchases were made during the month as follows:

March 7 4,000 units @Rs.12.50 each

March 14 6,000 units @Rs.15 each

March 24 8,000 units @Rs.16.50 each

Issues to shop floor were as follows:

March 16 16,000 units

March 28 10,000 units

Answer the following using FIFO method:

1) Balance Quantity on March 7 is_____________

A) 10,000 B) 14,000 C) 4000 D) 6,000

Correct Answer: B) 14,000

2) Value of Material purchased on March 24 is Rs._____

A) 1,22,000 B) 1,30,000 C) 1,32,000 D) 1,33,000

Correct Answer: C) 1,32,000

3) Balance of Quantity on March 16 is_________

A) 10,000 B) 14,000 C) 4000 D) 6,000

Correct Answer: C) 4,000

4) Value of Material issued on March 28 is Rs.__________

A) 99,000 B) 1,59,000 C) 60,000 D) None of the above

Correct Answer: B) 1,59,000

5) Closing Balance for the month March (Quantity and Value) is:_____________

A) 2,000 units & Rs.33,000

B) 2,000 units & Rs.32,500

C) 3,000 units & Rs.33,000

D) 4,000 units & Rs.33,000

Assignment 2

1) “Liquid ratios are same as solvency ratios”. Is the given statement true?

A) Yes, it is true. B) No, it is not true. C) Can’t be said

Correct Answer: B) No, it is not true.

2) Using this following information complete the balance sheet;

 (Assume a 360 days year and all sales are on credit)

A = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: iv) 1,00,000

B = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: ii) 4,00,000

C = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: i) 5,00,000

D = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: i) 5,00,000

E = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: iv) 1,00,000

F = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: iii) 2,00,000

G = __________

i) 5,00,000 ii) 4,00,000 iii) 2,00,000 iv) 1,00,000

Correct Answer: ii) 4,00,000

H) Which ratio explains the efficiency with which a company uses its assets
to generate revenue?

i) Asset Turnover Ratio ii) Net Profit Ratio iii) Receivable Turnover Ratio

Correct Answer: A) Asset Turnover Ratio

I) In-efficient buying habit of an entity is evaluated using which ratio?

i) Inventory Turnover Ratio ii) Debt to Equity Ratio iii) Quick Ratio

Correct Answer: i) Inventory Turnover Ratio

J) Which of the following ratio indicates the long term repayment ability of a
business?

i) Inventory Turnover Ratio ii) Debt to Equity Ratio iii) Quick Ratio
Correct Answer: i) Debt to Equity Ratio
 Assignment 3

From the following information answer question number 1 to 5

Particular 2017 2018 2019

Sales 20,00 25,00 35,00
0 0 0
Cost of goods sold 14,00 15,00 20,00
0 0 0
Gross profit 6,000 10,00 15,00
0 0
Operating Expenses 4,000 7,000 10,00
0
Net Profit 2,000 3,000 5,000

1) What is the trend (%) of Gross profit for 2018?

A) 133 B) 150 C) 167 D) 250

Correct Answer: C) 167

2) What is the trend (%) of Operating Expenses in 2019?

A) 133 B) 150 C) 167 D) 250

Correct Answer: D) 250

3) Difference between the value of 2019 trend and 2018 trend for sales:

A) 125 B) 175 C) 250 D) 50

Correct Answer: D) 50
4) Which among the following has lowest growth rate?

A) Sales B) Cost of Goods sold C) Operating Expenses D) Net

Profit

Correct Answer: B) Cost of Goods sold

5) What is the trend value (%) of Net profit for year 2018?

A) 133 B) 150 C) 167 D) 250

Correct Answer: B) 150

Answer Question No. 6 to 10 from the following>

Particulars Amoun Amou

t nt
 Share holder Fund 1,00,00
0
Long term Borrowing 1,50,00
0
Current Liability 50,000
Capital & Liability 3,00,0
00
Fixed Asset 2,00,00
0
Current Assets 1,00,00
0
Total Assets 3,00,0
00

1) Common size of value (%) of Long term borrowing

A) 33 B) 50 C) 17 D) 67

Correct Answer: B) 50

2) Common size of value (%) of Fixed Assets

A) 33 B) 50 C) 17 D) 67

Correct Answer: D) 67

3) Common size of value (%) of Share Capital

A) 33 B) 50 C) 17 D) 67

Correct Answer: A) 33

4) Which element has trend value 17%?

A) Current Asset B) Current Liability C) Fixed Asset D) None of

the above

Correct Answer: B) Current Liability

5) Ratio of Fixed asset to Shareholders fund:

A) 1 : 2 B) 0.5 : 1 C) 2 : 1 C) 3: 2

Correct Answer: C) 2 : 1