Quiz Space

Financial Forensics · Quiz 1 · 16 Jul 2023 · May 2023 term

Question 29: | | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---…

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

See the whole paperTake it as a mock test

Question 29 of 35 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023). It carries 0.5 marks.

More questions from this paper

  1. Q1| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  2. Q2| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  3. Q3| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  4. Q4| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  5. Q5All of the following are non current assets except:
  6. Q6Mr. Steven started a furniture business with ₹ 55,00,000 as capital. 40% of the amount was brought in cash and the rema…
  7. Q7All of the following are long-term liabilities except:
  8. Q8XYZ Inc. hired a factory shed for monthly rent of ₹ 65,000. In the month of July 2022 the business paid only 30% of the…
  9. Q9A business invested ₹ 15,00,000 in a bank in the form of fixed deposit. The transaction will result in
  10. Q10At the beginning of the month the company hired workers and employees for a total monthly remuneration of ₹ 78,000 paya…
  11. Q11An amount of ₹ 2,50,000 was spent towards advertisement and sales promotion activities. The payment was made through ch…
  12. Q12If Roobes \& Co. had bought raw materials worth Rs. 5,00,000, for a trade discount of 10% and cash discount of 20% for …
  13. Q13Purchase of goods on cash basis reduces cash and increases
  14. Q14Depreciation is
  15. Q15Dividend to the shareholders are paid out of
  16. Q16| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  17. Q17| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  18. Q18| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  19. Q19| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  20. Q20| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  21. Q21| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  22. Q22| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  23. Q23| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  24. Q24| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  25. Q25| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  26. Q26| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  27. Q27| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  28. Q28| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  29. Q30| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  30. Q31| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  31. Q32| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  32. Q33| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  33. Q34| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  34. Q35| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…