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HOME ASSIGNMENT

                                                ENTREPRENEURSHIP-CLASS XI

                                                    CODE- 241506010123

                                         TOPIC-BUSINESS FINANCE AND ARITHMETIC

                                SUB TOPIC- INCOME STATEMENT AND CASH FLOW PROJECTION
                    Sl.No                               Questions                             Marks
                        1.      Name the statement that enables us to determine the profit over   1
                                a period of time.

                        2.       Income statement is also referred to as ...... .                 1

                        3.      Income statement shows cash flows. Defend or Refuse.              1

                        4.       Income statement does not show....... transactions.              1

                        5.      Income statement shows the ....... of the company for a specified   1
                                duration.

                        6.      Define profit.                                                    2

                        7.       Income statement has certain distinct features. State any two.   2

                        8.      Explain the following terms.                                      3
                                (i) Cash inflow                 (ii) Cash outflow

                        9.      Explain cash flow projection and the various terms related to it.   3


                       10.      What  do  you  understand  by  income  statement  ?  Also  give  its   4
                                generic format.


                       11       From the information given below, prepare income statement of     6
                                                                      M/s Kundan Pharmacy.
                                 Revenue from Operations       12,00,000

                                 Expenses

                                 Purchases of stock-in -trade    7,50,000
                                 Changes in Inventory of Stock-      20,000

                                 in-trade                          12000
                                 Depreciation Expenses            25,000
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