Question 1

In the funds flow statement, item of preliminary expenses written off during the year is:

Accepted Answer

A) Added to net profit 
B) Subtracted from net profit 
C) An application of working capital 
D) None of the above 
A) Added to net profit 
B) Subtracted from net profit 
C) An application of working capital 
D) None of the above

Question 2

The Head Office Account maintained by the branch is of the nature of

Accepted Answer

A) Real Account 
B) Personal Account 
C) Nominal Account 
D) None of the above 
A) Real Account 
B) Personal Account 
C) Nominal Account 
D) None of the above

Question 3

Interest on fixed deposit received by enterprise is shown in the Cash Flow Statement under

Accepted Answer

A) Operating Activities 
B) Investing Activities 
C) Financing Activities 
D) All of the Above 
A) Operating Activities 
B) Investing Activities 
C) Financing Activities 
D) All of the Above

Question 4

Which of the following transactions result in flow of funds?

Accepted Answer

A) Cash paid to creditors 
B) Payment of bills payable 
C) Issue of shares 
D) Cash collected from debtors 
A) Cash paid to creditors 
B) Payment of bills payable 
C) Issue of shares 
D) Cash collected from debtors

Question 5

Which one of the following concepts is used as fund in the preparation of funds flow statement?

Accepted Answer

A) Current Assets 
B) Working Capital 
C) Cash 
D) All financial resources 
A) Current Assets 
B) Working Capital 
C) Cash 
D) All financial resources

Question 6

Buy back of equity shares should be recorded in the final cash flow statement under:

Accepted Answer

A) Investing activities 
B) Financing activities 
C) Operation activities 
D) Any of the above 
A) Investing activities 
B) Financing activities 
C) Operation activities 
D) Any of the above

Question 7

Up to the trial balance, the accounting arrangements for a foreign branch are exactly the same as for any

Accepted Answer

A) Dependent branch 
B) Independent branch 
C) Both a and b 
D) None of the above 
A) Dependent branch 
B) Independent branch 
C) Both a and b 
D) None of the above

Question 8

Funds Flow Statement is also known as_______.

Accepted Answer

A) Statement of Funds Flow 
B) Statement of Sources and Application of Funds 
C) Statement of Sources and Uses of Funds 
D) All of the above 
A) Statement of Funds Flow 
B) Statement of Sources and Application of Funds 
C) Statement of Sources and Uses of Funds 
D) All of the above

Exam 50: Accounting Arrangements and Operations for Branches

In the funds flow statement, item of preliminary expenses written off during the year is:

The Head Office Account maintained by the branch is of the nature of

Interest on fixed deposit received by enterprise is shown in the Cash Flow Statement under

Which of the following transactions result in flow of funds?

Which one of the following concepts is used as fund in the preparation of funds flow statement?

Buy back of equity shares should be recorded in the final cash flow statement under:

Up to the trial balance, the accounting arrangements for a foreign branch are exactly the same as for any

Funds Flow Statement is also known as_______.

Exploring Features and Advantages of Computerized Accounting Systems

Exploring Computerized Accounting Systems and Software

Non-Profit Organizations and Financial Statements

Not-For-Profit Organizations and Financial Accounts

Goodwill and Intangible Assets

Valuation and Calculation of Goodwill

Understanding the Concepts of Lessor, Lessee, and Minimum Rent

Royalty Accounting and Partnership Firms

Accounting

Accounting and Corporate Finance

Accounting and Finance

Depreciation, Share Capital, and Forfeiture of Shares

Financial Statements and Accounting Principles

Insurance Provision and Accounting Standards

Formation and Capital Structure of Public Companies

Share Forfeiture, Debentures, and Sinking Fund

Financial Accounting and Banking

Insurance and General Insurance Companies: Understanding Terms and Concepts

Single Entry System and Company Ownership

Share Capital and Shareholders in a Company

Debentures, Bonds, and Shares

Accounting Concepts and Principles

Accounting Concepts and Practices

Financial Statements and Accounting for Nonprofit Organizations

Hire Purchase, Sale of Goods, and Bookkeeping

Accounting and Bookkeeping

Allocation of Selling Expenses Among Departments Based on Sales

Accounting Concepts and Systems

Accounting and Financial Transactions

Ac Types, Balances, and Entries

Errors, Adjustments, and Expenditures in Accounting

Capitalization, Errors, Cash Book, and Types of Accounts

Revenue Recognition and Expenditure Classification

Depreciation and Asset Provision

Accounting Adjustments and Financial Statement Treatment

Balance Sheet and Profit Loss Account

Accounting and Financial Management

Bills of Exchange, Consignment, and Partnership

Accounting Standards and Joint Ventures

Accounting and Financial Management : Part A

Accounting and Financial Management : Part B

Accounting: Interest, Bill, Partnership Agreement,insurance, Contingent Liability, and Business Resources

Fundamentals of Accounting: Objectives, Concepts, and Principles

Depreciation and Reserves: Understanding the Accounting Concepts

Underwriting and Creditor Questions in Company Affairs

Amalgamation, Llp, and Single Entry System

Single Entry System and Profit Calculation

Accounting for Receipts, Payments, Income, and Expenditure in Consignment and Joint Venture Businesses

Accounting for Co-Venturers, Consignments, and Branches

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