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The loss shown by a unit at the end of the year is Rs 50,000/- . The Depreciation for the year is Rs 80,000/-. The unit has-
a. Cash loss of Rs 30,000/-
b. Cash loss of Rs 1,30,000/-
c. Cash profit of Rs 30,000/-
d. Cash profit of Rs 1,30,000/-
Ans - c
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The total sale made during the year is Rs 10 lacs, Opening stock of raw material is Rs 2 lacs, raw material purchased during the year is Rs 5 lacs and closing stock of raw material is Rs 1 lacs. If the manufacturing expenses is Rs 3 lacs, the unit is in net profit of -
a. Rs 2 lacs
b. Nil
c. Rs 1 lacs
d. None of the above
Ans - c
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If the Current Assets and Current Liabilities of a concern are Rs.4,00,000 and Rs.2,00,000 respectively, Find the Current Ratio.
a. 1:2
b. 1:1.5
c. 2:1
d. 2:1.5
Ans - c
Explanation :
Rs.4,00,000/Rs.2,00,000 = 2 : 1
The ideal Current Ratio preferred by Banks is 1.33 : 1
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Cost of the goods - Rs. 99000, Opening Stock - Rs. 13500, Purchases - Rs. 75000, Sales - Rs. 112500. Find other expenses.
a. 10000
b. 10500
c. 13500
d. 24000
Ans - b
Explanation :
Cost of the goods = Opening Stock + Purchases + Other expenses
So, Other expenses = Cost of the goods - Opening Stock - Purchases
= 99000 - 13500 - 75000
= 99000 - 88500
= 10500
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A firm has been producing 4000 units of an item with its break even at 2000 units. Now it increases the no. of units produced to 5000. What is the change in the break even no. of units ?
a. 3000
b. 2000
c. 1000
d. nil
Ans - d
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Sales - Rs. 85000, Operating expenses - Rs. 20000, Net Profit - Rs. 15000. Find gross profit.
a. 5000
b. 20000
c. 35000
d. 50000
Ans - c
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At 40%, the capacity utilization break even point, the total no. of units produced is 5000. What is the no. of break even units?
a. 1500
b. 1800
c. 2000
d. 2500
Ans - c
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Cash - 50,000, Debtors - 1,00,000, Inventories - 1,50,000, Current Liabilities - 1,00,000, Total Current Assets - 3,00,000. Find the Current Ratio.
a. 1:1.5
b. 1:3
c. 1.5:1
d. 3:1
Ans - d
Explanation :
3,00,000/1,00,000 = 3 : 1
The ideal Current Ratio preferred by Banks is 1.33 : 1
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Profit to sales is 2% and amount of profit is say Rs.5 Lac. Find the amount of Sales.
a. 50 lac
b. 150 Lac
c. 250 Lac
d. 350 lac
Ans - c
Explanation :
Net Profit Ratio = (Net Profit / Sales ) x 100
2 = (5 x100) / Sales
Sales = 500/2
= Rs.250 Lac
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