12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Economics Government Budget and the Economy Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Interface Python with MySQL - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Database Concept - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Communication - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Structures - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Functions - New Previous year Question Papers Study Material - QB365 Set A
Published on: 06/12/2018
Important questions guess papers, most expected questions and best questions from 12th Accountancy chapter 8 Financial Statements and Analysis have CBSE chapter wise important questions with the solution. 12th Accountancy chapter 8 Financial Statements and Analysis have many topics. All these topics are included in CBSE chapter wise important questions of class 12 Accountancy chapter Financial Statements and Analysis.
These papers have been created with the sole purpose of helping the students with their preparations. We hope that these sample papers will help you prepare better for your exams and help you fine-tune your strategies for the board exams.
In this question paper, questions are covered from the chapter Financial Statements and Analysis and questions are prepared as per NCERT guidelines. Questions are covered from NCERT solutions and NCERT Exemplar.
The latest sample papers have been designed as per the latest blueprints, syllabus and examination trends. Sample papers should be practiced in examination condition at home or school and also show it to your teachers for checking or compare with the answers provided.
Download CBSE Class 12th Standard CBSE Accountancy question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Accountancy
Questions + Answers key
Take MCQ Accountancy Test
1.
State how financial statement analysis is considered historical in nature.
2.
State the interest of investors in the analysis of financial statements.
3.
Name two parties interested in Financial Statement Analysis.
4.
How is analysis of financial statements to important to she shareholders of the company ?
5.
State why the creditors for goods are interested in analysing financial statements.
6.
Identify the values involved in comparative analysis and common size statement.
7.
For what purpose, comparative financial statements are prepared?
8.
Prepare a Comparative Statement of Profit and Loss with the help of the following information:
| Particulars | 2011-12 | 2012-13 | |
|---|---|---|---|
| Revenue from Operations | Rs.5,00,000 | Rs.8,00,000 | |
| Cost of Revenue from Operations | 70% of Revenue from Operations | ||
| Other Expenses | 5% of Revenue form Operations | ||
| Rate of Income Tax | 50% of Profit before Tax |
9.
State how financial statement analysis is not free from basis.
10.
From the following balance sheets of Sun Ltd as at 31st March, 2014 and 2015, prepare a common size balance sheet
| Particulars | Note No | 31st March,014 Amt(Rs) | 31st March,2015 Amt(Rs) |
|---|---|---|---|
| I.EQUITY AND LIABILITIES | |||
| 1.Shareholdrs' Funds | |||
| (a) Share Capital | 30,000 | 40,00,000 | |
| (b) Reserves and Surplus | 4,00,000 | 6,00,000 | |
| 2.Non-current Liablities | |||
| Long-term Browings | 10,00,000 | 12,00,000 | |
| 3.Current Liabilities | |||
| Trade Payables | 6,00,000 | 2,00,000 | |
| Total | 50,00,000 | 60,00,000 | |
| II.ASSETS | |||
| 1.Non-Current Assets | |||
| (a) Fixed Assets | |||
| (i) Tangible Assets | 30,00,000 | 40,00,000 | |
| (ii) Intengibla Assets | 6,00,000 | 2,00,000 | |
| 2.Current Assets | |||
| (a) Inventories | 10,00,000 | 12,00,000 | |
| (b) Cash and Cash Equivalents | 4,00,000 | 6,00,000 | |
| Total | 50,00,000 | 60,00,000 |
11.
From the following balance sheets of Varma Ltd, prepare comparative balance sheet.
| particulars | 31st March,2015 Amt(Rs) |
31st March,2014 Amt(Rs) |
|---|---|---|
| I.Equity and liabilities | ||
| 1.Shareholders' Funds | ||
| (a) Share Capital | 50,00,000 | 50,00,000 |
| (b) Reserves and Surplus | 12,00,000 | 10,00,000 |
| 2. Non-current Liabilities | ||
| Long-term Borrowings | 30,00,000 | 30,00,00 |
| 3. Current Liabilities | ||
| (a) short-term Browings | 4,80,000 | 4,50,000 |
| (b) Trade Payables | 4,50,000 | 4,00,000 |
| (c) Other Current Liabilities | 1,10,000 | 1,00,000 |
| (d) Short-term Provisions | 60,000 | 50,000 |
| Total | 1,03,00,000 | 1,00,00,000 |
| II. Assets | ||
| 1. Non-current Assets | ||
| (a) Fixed Assets(Tangible) | 72,00,000 | 60,00,000 |
| (b) Non-current Investments | 10,00,000 | 10,00,000 |
| 2. Current Assets | ||
| (a) Inventories | 11,00,000 | 15,00,000 |
| (b) Trade Receivables | 6,00,000 | 10,00,000 |
| (c) Cash and Cash Equivalents | 3,50,000 | 3,00,000 |
| (d) Other Current Assets | 50,000 | 2,00,000 |
| Total | 1,03,00,000 | 1,00,00,000 |
12.
Rearrange the following in the form of a comparative income statement or statement of profit and loss.
| Particulars | 31st March, 2014 Amt(Rs) | 31st March,2015 Amt(Rs) |
|---|---|---|
| Revenue from Operations (Net Sales) | 16,00,000 | 19,20,000 |
| Purchase of Stock-in-trade | 9,00,000 | 11,00,000 |
| Changes in Inventories of stock-in-trade | 1,00,000 | 60,000 |
| Other Expenses | ||
| Office and And Administration | 2,80,000 | 3,80,000 |
| Selling and Distribution | 1,80,000 | 1,40,000 |
| General Expenses | 20,000 | 10,000 |
1.
( )
Financial statements analysis is considered as historical in nature because the analysis is made on data which is of past and not of furture.
2.
( )
Inverters are intrested in the safty of their capital as well as apprteciation of their capital through financial analysis.
3.
( )
(i) Invertors and (ii) Management
4.
( )
Shareholders get to know the profitability and earning capacity of the company.
5.
( )
Creditors are intersted to know the liquidlity of the business whether the business is able to pay their debts on maturity.
6.
Values Involved in comparative and common size statement are:
(i) Comparative financial information for interested parties
(ii) Decision-making
(iii) Transparency
(iv) Scientific temperament
(v) Critical analysis
7.
Comparative financial statements are prepared for inter-firm comparaison
8.
60% change in each item.
9.
Accounting data is dumb. Any consolution can be drawn from such data. Thus, conclusions are influenced, to a certain extent, by the personal judgement of the analyst may treat the profit before taxes.
10.
Common Size Balance Sheet
as at 31st March,2014 and 2015
| Particulars | Absolute Amount | Percentage of Balance Sheet Total 2014(%) | Percentage of Balance Sheet Total 2015(%) | |
|---|---|---|---|---|
| 2014(Rs) | 2015(Rs) | |||
| I.EQUITY AND LIABILITIES | ||||
| 1.Shareholders' Funds | ||||
| (a) Share Capital | 30,00,000 | 40,00,000 | 60 | 66.7 |
| (b) Reserves and Surplus | 4,00,000 | 6,00,000 | 8 | 10.0 |
| 2.Non-current Liabilities | ||||
| Long-term Borrowings | 10,00,000 | 12,00,000 | 20 | 20.0 |
| 3.Current Liabilites | ||||
| Trade Payables | 6,00,000 | 2,00,000 | 12 | 3.3 |
| Total | 50,00,000 | 60,0,000 | 100 | 100 |
| II.ASSETS | ||||
| 1.Non-current Assets | ||||
| (a) Fixed Assets | ||||
| (i) Tangible Assets | 30,00,0000 | 40,00,000 | 60 | 66.7 |
| (ii) Intangible Assets | 6,00,000 | 2,00,000 | 12 | 3.3 |
| 2.Current Assets | ||||
| (a) Inventories | 10,00,000 | 12,00,000 | 20 | 20.0 |
| (b) Cash and Cash Equivalents | 4,00,000 | 6,00,000 | 8 | 10.0 |
| Total | 50,00,0000 | 60,00,000 | 100 | 100 |
11.
Comparative Balance Sheet
as at 31st March,2014 and 2015
| Particulars | Notew No. | 31st March,2014 Amt(Rs) | 31st March,2015 Amt(Rs) | Absolute Change (Increase or Decrease)(Rs) | Percentage Change (Increase or Decrease)(%) |
|---|---|---|---|---|---|
| I. EQUITY AND LIABILITIES | |||||
| 1.Shareholders' Funds | |||||
| (a) Share Capital | 50,00,000 | 50,00,000 | ........ | ........ | |
| (b) Reserves and Surplus | 10,00,000 | 10,00,000 | 2,00,000 | 20.00 | |
| 2.Non-Current Liabilities | |||||
| Long-term Borrowings | 30,00,000 | 30,00,000 | ....... | ........ | |
| 3.Current Liabilities | |||||
| (a) Short-term Borrowings | 4,50,000 | 4,80,000 | 30,000 | 6.67 | |
| (b) Trade Payables | 4,00,000 | 4,50,000 | 50,000 | 12.50 | |
| (c) Other Current Liabilities | 1,00,000 | 1,10,000 | 10,000 | 10.00 | |
| (d) Short-term Provisions | 50,000 | 60,000 | 10,000 | 20.00 | |
| Total | 1,00,00,000 | 1,03,00,000 | 3,00,000 | 3.00 | |
| II. Assets | |||||
| 1. Non-current Assets | |||||
| (a) Fixed Assets(Tangible) | 60,00,000 | 72,00,000 | 12,00,000 | 20.00 | |
| (b) Non-Current Invetments | 10,00,000 | 10,00,000 | ........ | ........ | |
| 2. Current Assets | |||||
| (a) Inventories | 15,00,000 | 11,00,000 | (4,00,000) | (26.67) | |
| (b) Trade Recivables | 10,00,000 | 6,00,000 | (4,00,000) | (40.00) | |
| (c) Cash and Cash Equivalents | 3,00,000 | 3,50,000 | 50,000 | 16.67 | |
| (d) Other Current Assets | 2,00,000 | 50,000 | (1,50,000) | (75.00) | |
| Total | 1,00,00,000 | 1,03,00,000 | 3,00,000 | 3.0 |
12.
Comparative Statement of Profit and Loss
for the years ended 31st march, 2014 and 2015
| Particulars | 31st March 2014 Amt(Rs) | 31st March 2015 Amt(Rs) | Absolute change (Increase or Decrease) (Rs) |
Percentage Change (Increase or Decrease) (Rs) |
|---|---|---|---|---|
| I. Revenue from Operations(Net Sales) | 16,00,000 | 19,20,000 | 3,20,000 | 20.00 |
| II. Expenses | ||||
| (a) Purchase of Stock-in-trade | 9,00,000 | 11,00,000 | 2,00,000 | 22.22 |
| (b) Changes in Inventories of Stock-in-trade | 1,00,000 | 60,000 | (40,000) | (40.00) |
| (c) Other Expenses | 4,80,000 | 5,30,000 | 50,000 | 10.42 |
| Total Expenses | 14,80,000 | 16,90,000 | 2,10,000 | 14.19 |
| III. Profit before and after Tax(1-III) | 1,20,000 | 2,30,000 | 1,10,000 | 91.67 |
12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Computer Science Python Revision Tour I - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Planning Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Business Environment Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Principles of Management Important Questions And Answers Study Material - QB365 Set A
CBSE 12th Standard CBSE Subjects
CBSE Standards
