Do not Name___________ Mail id______________________________________ Do not write

Attempt all the three questions

write Maximum Time: 8+8+12 = 28 Minutes
anything in
anything this margin
in this Question 1. (UPSC 1982): Define the term ‘Fund’ and differentiate it
from ‘Cash’. Give five transactions where ‘fund inflow will equal fund
margin outflow’.
10 Marks. 150 words. 2 pages

Question 2. (UPSC 1981): “The rate of profit on sales is much less

important than the rate of return on assets.” Show how? .
10 Marks. 150 words. 2 pages

Question 3. From the following Profit & loss Account of an organization

for the year ended 31st March 2020, Find out ‘Cash from operations’ in the
format as per AS 3:
P/L Account for the year ended 31st March, 2020
Rs. Rs.
Purchases 5,00,000 Sales 8,00,000
Wages & salaries 85,000
Miscellaneous Expenses 61,200
Loss on Sales of Old Computers 10,900
Depreciation 21,200
Goodwill (Witten off) 6,000
Transfer of General Reserve 10,000
Net Profit 1,05,700
8,00,000 8,00,000
15 Marks 2 pages

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