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Class 12 Accountancy
Analysis Of Financial Statements
Quiz 3
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Which Of the following is limitation of financial analysis ?
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Window-dressing
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Basis of Valuation
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Lack of Accuracy
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All the above
Explanation
All the above
Which of the following is not the limitations of financial analysis ?
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Lack of Accuracy
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Based on Historical facts
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Basis of Valuation
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Information of Profit and Loss
Explanation
Information of Profit and Loss
When Financial Statements of two or more organisations are analysed, it is called :
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Intra-firm Analysis
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Inter-firm Analysis
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Vertical Analysis
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None of these
Explanation
Inter-firm Analysis
Which of the following statement correct ?
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Retained Earnings = Total Income
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Retained Earnings = Revenue-expenses
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Retained Earnings = Gross Profit
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None of the above
Explanation
Retained Earnings = Revenue-expenses
Which of the following is a type of Financial Analysis on the basis of material used ?
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Internal Analysis
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External Analysis
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Internal Audit
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Both (a) and (b)
Explanation
Both (a) and (b)
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