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

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 statement of profit and loss and explain its items.

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?

State the meaning of financial statement analysis?

List any three objectives of analysing financial statements?

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 do you understand by analysis and interpretation of financial statements? Discuss its importance.

Explain the different terms for the issue of debentures with reference to their redemption.

What are important profitability ratios? How are these worked out?

Explain how common size statements are prepared giving an example.

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

What is meant by a ‘Irredeemable Debenture’?

Explain the different types of debentures?

Describe the meaning of ‘Debenture Issued as Collateral Securities’. What accounting treatment is given to the issue of debentures in the books of accounts?

What is meant by ‘Mortgaged Debentures’?

Explain the guidelines of SEBI for creating Debenture Redemption Reserve.