Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter Financial Statements of a Company NCERT Solutions | Prepare the format of statement of profi

How will you disclose the following items in the Balance Sheet of a company;
(i) Loose tools
(ii) Uncalled liability on partly paid-up shares
(iii) Debentures redemption reserve
(iv) Mastheads and publishing titles                                                                        (v) 10% debentures
(vi) Proposed dividend
(vii) Share forfeited account
(viii) Capital redemtion reserve
(ix) Mining rights
(x) Work-in-progress

State the importance of financial statements to
(i) shareholders
(ii) creditors
(iii) government
(iv) investors

Prepare the format of balance sheet and explain the various elements of balance sheet.

Explain the process of preparing income statement and balance sheet.

Explain how financial statements are useful to the various parties who are interested in the affairs of an undertaking?

List any three objectives of analysing financial statements?

State the meaning of financial statement analysis?

Explain the limitations of financial statements.

Explain the nature of the financial statements.

Explain in detail about the significance of the financial statements.

What do you mean by Ratio Analysis?

List the techniques of Financial Statement Analysis.

What does a Bearer Debenture mean?

What are various types of ratios?

Distinguish between Vertical and Horizontal Analysis of financial data.

State the meaning of ‘Debentures issued as a collateral security’.

What relationships will be established to study?
(a) Inventory Turnover (b) Debtor Turnover
(c) Payables Turnover (d) Working Capital Turnover

State the meaning of Analysis and Interpretation.

What is meant by ‘Issue of debentures for consideration other than cash’?

What is meant by redemption of debentures by conversion?

What is discount on issue of debentures?

State the meaning of ‘Debentures issued as a collateral security’.

Can a company purchase its own debentures in the open market? Explain.

What is meant by ‘Issue of debenture at discount and redeemable at premium?

Describe the steps for creating Sinking Fund for redemption of debentures.

Under which head is the ‘Debenture Redemption Reserve’ shown in the balance sheet?

Distinguish between Vertical and Horizontal Analysis of financial data.

Describe the different techniques of financial analysis and explain the limitations of financial analysis.

What are various types of ratios?