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

Balance sheet provides information about the financial position of a business concern

(a)

Over a period of time

(b)

As on a particular date

(c)

For a period of time

(d)

For the accounting period

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

A limited company’s sales has increased from Rs.1,25,000 to Rs.1,50,000. How does this appear in comparative income statement?

(a)

+ 20 %

(b)

+ 120 %

(c)

– 120 %

(d)

– 20 %

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

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