Q. Observing changes in financial analysis across the years is ……………
✅ Correct Answer: (B)
horizontal analysis
Accounting for Management MCQs and Notes
Q. Ratio of Net sales to Net working capital is a ………………………..
✅ Correct Answer: (A)
working capital turnover ratio
Q. Given opening stock is Rs.20000, Direct expenses 10000, Closing stock 5000.Cost of goods sold is ……………………
✅ Correct Answer: (A)
25000
Q. If the Gross sales of a concern is Rs.200000 and sales return is 20000, Gross profit is 150000.cost of goods sold is……………………..
✅ Correct Answer: (B)
30000
Q. Which among the following is an example for horizontal analysis ?
✅ Correct Answer: (D)
a & b
Q. An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………
✅ Correct Answer: (B)
not improve short term financial position
Q. …………..are statements of financial position at different periods
✅ Correct Answer: (A)
comparative statements
Q. Income statement matches the …………… incurred in the accounting year
✅ Correct Answer: (C)
both of these
Q. Assets and liabilities in a Balance sheet may be arranged in the order of …..
✅ Correct Answer: (C)
both of these
Q. In case of a limited company, the term financial statements includes………
✅ Correct Answer: (B)
profit and loss account, profit and loss appropriation account and balance sheet