uiz Space

May 2023 term · Financial Forensics · BSMS4003

Financial Forensics Quiz 1: 16 July 2023 (May 2023 term)

The IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term: 35 questions for 25 marks in 120 minutes. Every question is below with its answer. Take it as a timed mock test to be marked, or read it through first.

Questions
35
Marks
25
Duration
120 min
MCQ
15
Numerical
20
Take as mock testPractise with answers

Updated

Official paper: IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023 · No negative marking.

Question 1

+1 markOne correct option

Based on the information from the following table, answer the given subquestions.
Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.

Net income₹ 9,800
Proceeds from issuance of stock₹ 58
Proceeds from sale of property and equipment₹ 10,500
Dividends paid₹ 460
Interest paid₹ 145
Purchase of property, plant, and equipment₹ 3,470
Borrowings under line of credit (bank)₹ 2,800
Sale of marketable securities₹ 560
Cash received from customers₹ 56,700
Payments to reduce long-term debt₹ 88

What is the cash flow from operating activities ?

  1. A

    ₹ 77,000

  2. B

    ₹ (46,900)

  3. C

    ₹ 56,700

  4. D

    ₹ 66,500

Show answer

Correct answer

  • C

    ₹ 56,700

Question 1 on its own page

Question 2

+1 markOne correct option

Based on the information from the following table, answer the given subquestions.
Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.

Net income₹ 9,800
Proceeds from issuance of stock₹ 58
Proceeds from sale of property and equipment₹ 10,500
Dividends paid₹ 460
Interest paid₹ 145
Purchase of property, plant, and equipment₹ 3,470
Borrowings under line of credit (bank)₹ 2,800
Sale of marketable securities₹ 560
Cash received from customers₹ 56,700
Payments to reduce long-term debt₹ 88

What is the cash flow from investing activities ?

  1. A

    ₹ 7,445

  2. B

    ₹ 7,648

  3. C

    ₹ 14,530

  4. D

    ₹ 7,590

Show answer

Correct answer

  • D

    ₹ 7,590

Question 2 on its own page

Question 3

+1 markOne correct option

Based on the information from the following table, answer the given subquestions.
Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.

Net income₹ 9,800
Proceeds from issuance of stock₹ 58
Proceeds from sale of property and equipment₹ 10,500
Dividends paid₹ 460
Interest paid₹ 145
Purchase of property, plant, and equipment₹ 3,470
Borrowings under line of credit (bank)₹ 2,800
Sale of marketable securities₹ 560
Cash received from customers₹ 56,700
Payments to reduce long-term debt₹ 88

What is the cash flow from financing activities ?

  1. A

    ₹ 9,865

  2. B

    ₹ 12,665

  3. C

    ₹ 2,165

  4. D

    ₹ 10,010

Show answer

Correct answer

  • C

    ₹ 2,165

Question 3 on its own page

Question 4

+1 markOne correct option

Based on the information from the following table, answer the given subquestions.
Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.

Net income₹ 9,800
Proceeds from issuance of stock₹ 58
Proceeds from sale of property and equipment₹ 10,500
Dividends paid₹ 460
Interest paid₹ 145
Purchase of property, plant, and equipment₹ 3,470
Borrowings under line of credit (bank)₹ 2,800
Sale of marketable securities₹ 560
Cash received from customers₹ 56,700
Payments to reduce long-term debt₹ 88

What is the total cash flow of the company?

  1. A

    ₹ 97,110

  2. B

    ₹ 66,455

  3. C

    ₹ 91,040

  4. D

    ₹ 68,665

Show answer

Correct answer

  • B

    ₹ 66,455

Question 4 on its own page

Question 5

+1 markOne correct option

All of the following are non current assets except:

  1. A

    Land

  2. B

    Inventory

  3. C

    Machinery

  4. D

    Buildings

Show answer

Correct answer

  • B

    Inventory

Question 5 on its own page

Question 6

+1 markOne correct option

Mr. Steven started a furniture business with ₹ 55,00,000 as capital. 40% of the amount was brought in cash and the remaining was kept in a bank account in the name of the business. What would be the total of assets in the Balance sheet?

  1. A

    ₹ 27,50,000

  2. B

    ₹ 33,00,000

  3. C

    ₹ 22,00,000

  4. D

    ₹ 55,00,000

Show answer

Correct answer

  • D

    ₹ 55,00,000

Question 6 on its own pageAlso asked in Quiz 1 29 Oct 2023

Question 7

+1 markOne correct option

All of the following are long-term liabilities except:

  1. A

    Bonds payable

  2. B

    Current maturities of bank loan

  3. C

    Mortgage payable

  4. D

    Lease liabilities

Show answer

Correct answer

  • B

    Current maturities of bank loan

Question 7 on its own pageAlso asked in Quiz 1 29 Oct 2023, End Term 22 Dec 2024

Question 8

+1 markOne correct option

XYZ Inc. hired a factory shed for monthly rent of ₹ 65,000. In the month of July 2022 the business paid only 30% of the rent at the end of the month and the rest was outstanding. The rental expenses in the income statement for the month of July will be

  1. A

    ₹ 45,500

  2. B

    ₹ 65,000

  3. C

    Not an expense till the full amount is paid

  4. D

    ₹ 19,500

Show answer

Correct answer

  • B

    ₹ 65,000

Question 8 on its own page

Question 9

+1 markOne correct option

A business invested ₹ 15,00,000 in a bank in the form of fixed deposit. The transaction will result in

  1. A

    Increase and decrease in assets

  2. B

    Increase in assets and decrease in liability

  3. C

    Increase in expenditure and asset

  4. D

    Increase in liability and decrease in assets

Show answer

Correct answer

  • A

    Increase and decrease in assets

Question 9 on its own page

Question 10

+1 markOne correct option

At the beginning of the month the company hired workers and employees for a total monthly remuneration of ₹ 78,000 payable at the end of each month. How would this transaction reflect in the income statement and balance sheet at the beginning of the month?

  1. A

    Only expenses will increase by ₹ 78,000

  2. B

    Expense will increase by ₹ 78,000 and liabilities will also increase by equal amount

  3. C

    Expense will increase by ₹ 78,000 and cash will decrease by the equal amount

  4. D

    There will be no effect on both the statement

Show answer

Correct answer

  • D

    There will be no effect on both the statement

Question 10 on its own page

Question 11

+1 markOne correct option

An amount of ₹ 2,50,000 was spent towards advertisement and sales promotion activities. The payment was made through cheque. The amount was decided to be amortized over a period of 5 years. What would be the amortization expense for the first year and the unamortized amount in the balance sheet at the end of the first year

  1. A

    Amortized amount ₹ 1,00,000 and unamortized amount ₹ 1,50,000

  2. B

    Amortized amount ₹ 50,000 and unamortized amount ₹ 2,00,000

  3. C

    Amortized amount ₹ 2,00,000 and unamortized amount ₹ 50,000

  4. D

    Amortized amount ₹ 100,000 and unamortized amount ₹ 50,000

Show answer

Correct answer

  • B

    Amortized amount ₹ 50,000 and unamortized amount ₹ 2,00,000

Question 11 on its own pageAlso asked in Quiz 1 26 Feb 2023, Quiz 1 26 Feb 2023, Quiz 1 26 Feb 2023

Question 12

+1 markOne correct option

If Roobes & Co. had bought raw materials worth Rs. 5,00,000, for a trade discount of 10% and cash discount of 20% for making immediate payment, the gross amount that would show under the head purchases will be

  1. A

    ₹ 3,50,000

  2. B

    ₹ 5,00,000

  3. C

    ₹ 4,50,000

  4. D

    ₹ 3,60,000

Show answer

Correct answer

  • C

    ₹ 4,50,000

Question 12 on its own page

Question 13

+1 markOne correct option

Purchase of goods on cash basis reduces cash and increases

  1. A

    Liability

  2. B

    Equity

  3. C

    Inventory

  4. D

    Expense

Show answer

Correct answer

  • C

    Inventory

Question 13 on its own page

Question 14

+1 markOne correct option

Depreciation is

  1. A

    Reduction in value of the asset due to market movement

  2. B

    Is only a hypothetical number used to reduce profits

  3. C

    The amount spent on buying the asset

  4. D

    Reduction in value of the asset due to/and usage and passage of time

Show answer

Correct answer

  • D

    Reduction in value of the asset due to/and usage and passage of time

Question 14 on its own page

Question 15

+1 markOne correct option

Dividend to the shareholders are paid out of

  1. A

    Profit before tax

  2. B

    Profit after tax

  3. C

    Profit before interest depreciation and tax

  4. D

    Profit before interest and tax

Show answer

Correct answer

  • B

    Profit after tax

Question 15 on its own page

Question 16

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank A (in ₹ )

Show answer

Correct answer: 225

Question 16 on its own page

Question 17

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank B (in ₹ )

Show answer

Correct answer: 1050

Question 17 on its own page

Question 18

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank C (in ₹ )

Show answer

Correct answer: 1200

Question 18 on its own page

Question 19

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank D (in ₹ )

Show answer

Correct answer: 900

Question 19 on its own page

Question 20

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank E (in ₹ )

Show answer

Correct answer: 1275

Question 20 on its own page

Question 21

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank F (in ₹ )

Show answer

Correct answer: 400

Question 21 on its own page

Question 22

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank G (in ₹ )

Show answer

Correct answer: 1500

Question 22 on its own page

Question 23

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank H (in ₹ )

Show answer

Correct answer: 1100

Question 23 on its own page

Question 24

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank I (in ₹ )

Show answer

Correct answer: 2000

Question 24 on its own page

Question 25

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.

Year 1Year 2Year 3
Sales₹ 2,250₹ 2,600₹ I
Cost of goods sold:
Beginning inventory₹ 300₹ 225₹ 400
Purchases₹ 975₹ E₹ 1,200
Ending inventory₹ A₹ F₹300
Cost of goods sold₹ B₹ 1,100₹ J
Gross margin₹ C₹ G₹ 700
Non-manufacturing expenses₹ 300₹ 400₹ 500
Net income (loss)₹ D₹ H₹ 200

Enter the correct answer for blank J (in ₹ )

Show answer

Correct answer: 1300

Question 25 on its own page

Question 26

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank A (in ₹ )

Show answer

Correct answer: 410976

Question 26 on its own page

Question 27

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank B (in ₹ )

Show answer

Correct answer: 240518

Question 27 on its own page

Question 28

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank C (in ₹ )

Show answer

Correct answer: 90442

Question 28 on its own page

Question 29

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank D (in ₹ )

Show answer

Correct answer: 288456

Question 29 on its own page

Question 30

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank E (in ₹ )

Show answer

Correct answer: 78585

Question 30 on its own page

Question 31

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank F (in ₹ )

Show answer

Correct answer: 247135

Question 31 on its own page

Question 32

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank G (in ₹ )

Show answer

Correct answer: 15583

Question 32 on its own page

Question 33

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank H (in ₹ )

Show answer

Correct answer: 247135

Question 33 on its own page

Question 34

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank I (in ₹ )

Show answer

Correct answer: 69090

Question 34 on its own page

Question 35

+0.5 marksNumerical answer

Answer the given subquestions based on the information from the respective table.
Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.

Year 1Year 2Year 3Year 4
Current Assets₹ 1,13,624₹ C₹ 85,124₹ I
Non current assets₹ A₹ 1,98,014₹ 1,62,011₹ 1,51,021
Total assets₹ 5,24,600₹ D₹ F₹ 2,20,111
Current liabilities₹ 56,142₹ 40,220₹ G₹ J
Non current liabilities₹ B₹ E₹ 60,100₹ 30,222
Paid in capital₹ 2,14,155₹ 1,73,295₹ 1,70,000₹ 1,70,000
Retained earnings₹ 13,785₹ -3644₹ 1,452₹ 2,350
Total liabilities and Owners equity₹ 5,24,600₹ 288456₹ H₹ 2,20,111

Enter the correct answer for blank J (in ₹ )

Show answer

Correct answer: 17539

Question 35 on its own page