Which statement are prepared by the business concerns at the end of the accounting period to ascertain the operating results and the financial position?

(a)

Trend analysis

(b)

Income statement

(c)

Financial statement

(d)

Balance sheet

Financial statements are prepared based on _____________

(a)

past data

(b)

future cost

(c)

terminal cost

(d)

historical cost

which statements are involve personal judgment in certain cases?

(a)

Financial statements

(b)

Income statement

(c)

Profit and loss account statement

(d)

None of these

Different tools are used for analysing the _____________

(a)

balance sheet

(b)

financial statement

(c)

income statement

(d)

none of these

The term fund refers to __________

(a)

Working capital

(b)

Opening capital

(c)

Closing capital

(d)

None of these

When figure relating to several years are considered for the purpose of analysis, the analysis is called ______________

(a)

Horizontal analysis

(b)

Vertical analysis

(c)

Trend analysis

(d)

Cash flow analysis

Comparative statement and trend percentages are examples of ____________

(a)

Cash flow analysis

(b)

Trend analysis

(c)

Horizontal analysis

(d)

Vertical analysis

Preparation of common size statements and computation of ratios are examples of __________

(a)

Ratio analysis

(b)

Vertical analysis

(c)

Horizontal analysisNone of these

(d)

None of these

Common size statement can be prepared with ___________

(a)

double column

(b)

single column

(c)

three columns

(d)

five columns

Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?

(a)

Ratio analysis

(b)

Average analysis

(c)

Trend analysis

(d)

An of the above

Interpretation of accounts is the ____________

(a)

art and science of translating the figures

(b)

to know financial strengths and weakness of a business

(c)

to know the causes for the prevailing performance of business

(d)

all of the above

The term 'Financial statement' covers __________

(a)

Profit & loss statement

(b)

Balance sheet and profit & loss statement appropriation account

(c)

Profit and loss statement and balance sheet

(d)

None of these

A technique that is used in comparative analysis of financial statement is ___________

(a)

graphical analysis

(b)

preference analysis

(c)

common size analysis

(d)

returning analysis

Match List I with List II and Select the Correct Answer using the Codes given below.

	List I		List II
(i)	Comparative statement	1.	Tendency of movements
(ii)	Common size statements	2.	Working capital
(iii)	Trend analysis	3.	Previous years
(iv)	Funds flow analysis	4.	Different periods of time

(a)

(i)	(ii)	(iii)	(iv)
4	3	1	2

(b)

(i)	(ii)	(iii)	(iv)
1	2	3	4

(c)

(i)	(ii)	(iii)	(iv)
2	3	4	1

(d)

(i)	(ii)	(iii)	(iv)
3	1	2	4

__________ concerns prepare income statement and balance sheet at the of an accounting period.

(a)

Business

(b)

Industry

(c)

Trade

(d)

None of these