Financial Statement Analysis Two Marks Questions

12th Standard EM

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 20
    10 x 2 = 20
  1. From the following particulars, prepare comparative income statement of Abdul Co. Ltd.

    Particulars 2015-16
    Rs.
    2016-17
    Rs.
    Revenue from operations 3,00,000 3,60,000
    Other income 1,00,000 60,000
    Expenses 2,00,000 1,80,000
    Income tax 30% 30%
  2. From the following particulars, prepare comparative income statement of Mary Co. Ltd.

    Particulars 2015-16
    Rs.
    2016-17
    Rs.
    Revenue from operations 4,00,000 5,00,000
    Operating expenses 2,00,000 1,80,000
    Income tax (% of the profit before tax) 20 50
  3. List the tools of financial statement analysis.

  4. What is working capital?

  5. When is trend analysis preferred to other tools?

  6. Write a short note on
    i) Intra-firm comparison
    ii) Inter-firm comparison

  7. What do you mean by financial statement analysis?

  8. Financial statement analysis is a post-mortem of the business transactions to some extent. Do you agree?

  9. Both horizontal and vertical analysis are complementary in nature. Do you agree?

  10. Common size statement is also known as 100 % statement. Do you agree?

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