Q. The most commonly used tools for financial analysis are :
✅ Correct Answer: (D)
All of the above
Comparative Statements MCQs with answers
Dear candidates you will find MCQ questions of 12th Class - Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts | Chapter: Comparative Statements here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 12th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.
Q. This item is not used as a tool for Analysis of Financial Statements :
✅ Correct Answer: (D)
No. of Employees Statement
Q. Which one of the following items is not a tool used for financial analysis?
✅ Correct Answer: (A)
Statement of Dividend Distribution
Q. Which one of the following items is not a method/tool of analysis of financial statements?
✅ Correct Answer: (C)
Statement of Affairs
Q. Which one of the following items is not a method/tool of analysis of financial statements?
✅ Correct Answer: (B)
Statement of Receipts and Payments
Q. Which one of the following items is not a method/tool of analysis of financial statements?
✅ Correct Answer: (B)
Statement of Trade Receivables
Q. Which of the following is the objective of comparative Statements?
✅ Correct Answer: (D)
All of the Above
Q. Which of the following is device of comparative statements?
✅ Correct Answer: (D)
All of the Above
Q. Comparative Balance Sheet:
✅ Correct Answer: (C)
Presents the change in various items of balance sheet
Q. Comparative Statement of Profit & Loss provides information about:
✅ Correct Answer: (D)
All of the above
Q. Which analysis depicts the relationship between two figures :
✅ Correct Answer: (B)
Ratio Analysis
Q. Revenue from Operations less cost of Revenue from Operations is called :
✅ Correct Answer: (C)
Gross Profit
Q. Which objective is not fulfilled by comparative Statement of Profit & Loss :
✅ Correct Answer: (B)
To show the change in financial position
Q. In comparative statements change in different items is presented in the form of
✅ Correct Answer: (C)
Both Money Values and Percentages
Q. Which of the following is not a form of presenting financial analysis :
✅ Correct Answer: (A)
Annual Report
Q. Which objective is not fulfilled by comparative financial statement:
✅ Correct Answer: (B)
Indicate the extent of change in items of Statement of Pofit & Loss
Q. Net profit is obtained by deducting from Gross Profit.
✅ Correct Answer: (C)
Operating and Non-Operating Exp.
Q. Amount left after deducting gross profit from Revenue from Operations is generally ;
✅ Correct Answer: (D)
All of the above
Q. What is gross profit + materials consumed?
✅ Correct Answer: (C)
Revenue from Operations
Q. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations, indirect expenses 15% of Gross Profit; Income Tax 40%. Calculate net profit after tax
✅ Correct Answer: (C)
₹81,600
Q. Revenue from Operations ₹8,00,000; Gross Profit Ratio 32%; Indirect Exp. 10% of Gross Profit and income tax 40%. What will be the amount of profit after tax?
✅ Correct Answer: (D)
₹1,38,240
Q. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations; Operating expenses ₹30,000 and rate of income tax is 40%. What will be amount of profit after tax?
✅ Correct Answer: (C)
₹78,000
Q. A company’s Revenue from Operations are ₹20,00,000; Cost of Revenue from Operations is ₹14,00,000 and indirect expenses are ₹2,00,000. What is the amount of Gross Profit?
✅ Correct Answer: (A)
₹6,00,000
Q. A company’s working capital is ₹10 lakh (Negative balance) in the year 2018. It became ₹15 lakh (Positive balance) in the year 2019. What is the percentage of change?
✅ Correct Answer: (C)
250%
Q. A Company’s current liabilities decreased from ₹4,00,000 to ₹3,00,000. What is the percentage of change?
✅ Correct Answer: (A)
25%
Q. Fixed Assets of a company increased from ₹3,00,000 to ₹4,00,000. What the percentage of change?
✅ Correct Answer: (B)
33.3%
Q. In which analysis total cost are equal to total revenue from Operations :
✅ Correct Answer: (C)
Break-Even Point Analysis
12th Class mcqs download, 12th Class mcqs pdf free download, 12th Class free pdf download, 12th Class mcq questions, 12th Class ncert book pdf download,