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12th Standard Accounts Financial Statement Analysis English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

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Accountancy

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. 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

  2. The term ‘fund’ refers to

    (a)

    Current liabilities

    (b)

    Working capital

    (c)

    Fixed assets

    (d)

    Non-current assets

  3. 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 %

  4. Expenses for a business for the first year were Rs. 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%

  5. Different tools are used for analysing the

    (a)

    balance sheet

    (b)

    financial statement

    (c)

    income statement

    (d)

    none of these

  6. 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

  7. 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

  8. 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
  9. _____________ refers to the tendency of movement

    (a)

    Ratio

    (b)

    Trend

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  10. _______________ analysis helps in assessing the liquidity and solvency of a business concern.

    (a)

    Fund flow

    (b)

    Trend

    (c)

    Cash flow

    (d)

    None of these

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TN 12th Standard Accountancy free Online practice tests

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