Financial Statement Analysis Book Back Questions

12th Standard EM

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. Which of the following statements is not true?

    (a)

    Notes and schedules also form part of financial statements

    (b)

    The tools of financial statement analysis include common-size statement

    (c)

    Trend analysis refers to the study of movement of figures for one year

    (d)

    The common–size statements show the relationship of various items with somecommon base, expressed as percentage of the common base

  2. The term ‘fund’ refers to

    (a)

    Current liabilities

    (b)

    Working capital

    (c)

    Fixed assets

    (d)

    Non-current assets

  3. Which of the following statements is not true?

    (a)

    All the limitations of financial statements are applicable to financial statement analysis also.

    (b)

    Financial statement analysis is only the means and not an end.

    (c)

    Expert knowledge is not required in analysing the financial statements

    (d)

    Interpretation of the analysed data involves personal judgement

  4. In a common-size balance sheet, if the percentage of non-current assets is 75, what
    would be the percentage of current assets?

    (a)

    175

    (b)

    125

    (c)

    25

    (d)

    100

  5. Expenses for a business for the first year were ` 80,000. In the second year, it was
    increased to Rs. 88,000. What is the trend percentage in the second year?

    (a)

    10 %

    (b)

    110 %

    (c)

    90 %

    (d)

    11%

  6. 3 x 2 = 6
  7. 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%
  8. What is working capital?

  9. When is trend analysis preferred to other tools?

  10. 3 x 3 = 9
  11. From the following particulars of Mani Ltd an Kani Ltd prepare a common-size income
    statement for the year ended 31st March, 2019

    Particulars Mani Ltd Kani Ltd
      Rs. Rs.
    Revenue from operations 2,00,000 2,50,000
    Other income 30,000 25,000
    Expenses 1,10,000 1,25,000
  12. From the following particulars of Siva Ltd, prepare common size income statement for the
    years ended 31st March, 2016 and 31st March, 2017.

    Particulars 2015-16 2016-17
      Rs. Rs.
    Revenue from operations 2,00,000 3,00,000
    Other income 25,000 75,000
    Expenses 2,50,000 1,50,000
    Income tax % 40 40
  13. Prepare common-size balance sheet of Maria Ltd. as on 31st March, 2018.

    Particulars 31st March 2018
      Rs.
    I EQUITY AND LIABILITIES  
    Shareholders’ funds 4,00,000
    Non-current liabilities 3,20,000
    Current liabilities 80,000
    Total 8,00,000
    II ASSETS  
    Non-current assets 6,00,000
    Current assets 2,00,000
    Total 8,00,000
  14. 2 x 5 = 10
  15. From the following particulars of Neithal Ltd, calculate trend percentages.

    Particulars Rs.in lakhs
      2015-16 2016-17 2017-18
    Revenue from operations 150 135 90
    Other income 25 5 15
    Expenses 125 75 50
    Income tax 40% 40% 40%
  16. Compute trend percentages for the following particulars of Boomi Ltd

    Particulars Rs.in lakhs
      Year 1 Year 2 Year 3
    I EQUITY AND LIABILITIES      
    1. Shareholders’ fund      
    a) Share capital 200 254 212
    b) Reserves and surplus 60 60 90
    2. Non-current liabilities      
    Long-term borrowings 140 154 168
    3. Current liabilities      
    Trade payables 40 60 80
    Total 440 528 550
    II ASSETS      
    1. Non-current assets      
    a) Fixed assets 200 236 206
    b) Non - current investments 80 100 120
    2. Current assets      
    Inventories 120 132 144
    Cash and cash equivalents 40 60 80
    Total 440 528 550

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