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Class 12 Accountancy
Analysis Of Financial Statements
Quiz 1
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Interpretation of Financial Statements includes:
0%
Criticisms and Analysis
0%
Comparison and Trend Study
0%
Drawing Conclusion
0%
All the above
Explanation
All the above
Horizontal Analysis is also known as :
0%
Dynamic Analysis
0%
Structural Analysis
0%
Static Analysis
0%
None of these
Explanation
Dynamic Analysis
Vertical Analysis is also known as :
0%
Static Analysis
0%
Dynamic Analysis
0%
Structural Analysis
0%
None of these
Explanation
Static Analysis
Comparative Statements are also known as :
0%
Dynamic Analysis
0%
Horizontal Analysis
0%
Vertical Analysis
0%
External Analysis
Explanation
Horizontal Analysis
Common-size Statement are also known as:
0%
Dynamic Analysis
0%
Horizontal Analysis
0%
Vertical Analysis
0%
External Analysis
Explanation
Vertical Analysis
The most commonly used tools for financial analysis are:
0%
Comparative Statements
0%
Common-size Statement
0%
Accounting Ratios
0%
All the above
Explanation
All the above
The analysis of financial statement by a shareholder is an example of:
0%
External Analysis
0%
Internal Analysis
0%
Vertical Analysis
0%
Horizontal Analysis
Explanation
External Analysis
For calculating trend percentages any year is selected as:
0%
Current year
0%
Previous year
0%
Base year
0%
None of these
Explanation
Base year
Tools for comparison of financial statements are :
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Comparative Balance Sheet
0%
Comparative Income Statement
0%
Common-size Statement
0%
All the above
Explanation
All the above
Trend ratios and trend percentage are used in :
0%
Dynamic analysis
0%
Static analysis
0%
Horizontal analysis
0%
Vertical Analysis
Explanation
Horizontal analysis
Comparative Financial Statements show:
0%
Financial position of a concern
0%
Earning capacity of a concern
0%
Both of them
0%
None of these
Explanation
Both of them
Comparative financial analysis process shows the comparison between the items of which statement:
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Balance Sheet
0%
Profit & Loss Statement
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(a) and (b) both
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None of these
Explanation
(a) and (b) both
Which of these are not the method of financial statement analysis ?
0%
Ratio Analysis
0%
Comparative Analysis
0%
Trend Analysis
0%
Capitalisation Method
Explanation
Capitalisation Method
Common-size financial statements are mostly prepared:
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In proportion
0%
In percentage
0%
(a) and (b) both
0%
None of these
Explanation
In percentage
Tangible assets of company increased from T 4,00,000 to T 5,00,What is the percentage of change ?
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20%
0%
25%
0%
33%
0%
50%
Explanation
25%
A company’s shareholders fund was 7 8,00,000 in the yearIt because 7 12,00,000 in the year 20 What is percentage of change ?
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100%
0%
25%
0%
50%
0%
33.3%
Explanation
50%
A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:
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₹ 13,00,000
0%
₹ 5,00,000
0%
₹ 2,00,000
0%
₹ 12,00,000
Explanation
₹ 2,00,000
Sales less Cost of goods sold is called :
0%
Operating Profit
0%
Gross Profit
0%
Net Profit
0%
Total Profit
Explanation
Gross Profit
If total assets of a firm are 7 12,00,000 and its non of non-current assets to total assets ?
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50%
0%
75%
0%
25%
0%
80%
Explanation
75%
If total assets of a firm are 7 10,00,000 and its non-current assets are 7 6,00,000, what will be the percentage of current assets on total assets ?
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60%
0%
50%
0%
40%
0%
30%
Explanation
40%
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