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Published on: 01/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Accountancy Subject - Financial Statement Analysis, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Accountancy Test
1.
__________ concerns prepare income statement and balance sheet at the of an accounting period.
Business
Industry
Trade
None of these
2.
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 |
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 4 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 3 | 1 | 2 | 4 |
3.
A technique that is used in comparative analysis of financial statement is ___________
graphical analysis
preference analysis
common size analysis
returning analysis
4.
The term 'Financial statement' covers __________
Profit & loss statement
Balance sheet and profit & loss statement appropriation account
Profit and loss statement and balance sheet
None of these
5.
Interpretation of accounts is the ____________
art and science of translating the figures
to know financial strengths and weakness of a business
to know the causes for the prevailing performance of business
all of the above
6.
Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?
Ratio analysis
Average analysis
Trend analysis
An of the above
7.
Common size statement can be prepared with ___________
double column
single column
three columns
five columns
8.
Preparation of common size statements and computation of ratios are examples of __________
Ratio analysis
Vertical analysis
Horizontal analysisNone of these
None of these
9.
Comparative statement and trend percentages are examples of ____________
Cash flow analysis
Trend analysis
Horizontal analysis
Vertical analysis
10.
When figure relating to several years are considered for the purpose of analysis, the analysis is called ______________
Horizontal analysis
Vertical analysis
Trend analysis
Cash flow analysis
11.
The term fund refers to __________
Working capital
Opening capital
Closing capital
None of these
12.
Different tools are used for analysing the _____________
balance sheet
financial statement
income statement
none of these
13.
which statements are involve personal judgment in certain cases?
Financial statements
Income statement
Profit and loss account statement
None of these
14.
Financial statements are prepared based on _____________
past data
future cost
terminal cost
historical cost
15.
Which statement are prepared by the business concerns at the end of the accounting period to ascertain the operating results and the financial position?
Trend analysis
Income statement
Financial statement
Balance sheet
1.
(a)
Business
2.
(a)
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
3.
(c)
common size analysis
4.
(c)
Profit and loss statement and balance sheet
5.
(d)
all of the above
6.
(d)
An of the above
7.
(c)
three columns
8.
(b)
Vertical analysis
9.
(c)
Horizontal analysis
10.
(a)
Horizontal analysis
11.
(a)
Working capital
12.
(b)
financial statement
13.
(a)
Financial statements
14.
(d)
historical cost
15.
(c)
Financial statement
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Tamilnadu Stateboard 12th Standard Subjects
Maths
Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
French
Tamilnadu Stateboard Standards
