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Published on: 06/11/2020
12th Standard Accounts Financial Statement Analysis English Medium Free Online Test One Mark Questions 2020 - 2021
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.
_____________ includes both analysis and interpretation.
Financial statement analysis
Trend analysis
Both 'a' and 'b'
None of these
2.
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
3.
Common size statement can be prepared with ___________
double column
single column
three columns
five columns
4.
which statements are involve personal judgment in certain cases?
Financial statements
Income statement
Profit and loss account statement
None of these
5.
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
6.
In a common-size balance sheet, if the percentage of non-current assets is 75, what would be the percentage of current assets?
175
125
25
100
7.
Which of the following statements is not true?
All the limitations of financial statements are applicable to financial statement analysis also.
Financial statement analysis is only the means and not an end.
Expert knowledge is not required in analysing the financial statements
Interpretation of the analysed data involves personal judgement
8.
9.
Which of the following tools of financial statement analysis is suitable when data relating to several years are to be analysed?
Cash flow statement
Common size statement
Comparative statement
Trend analysis
10.
Which of the following statements is not true?
Notes and schedules also form part of financial statements
The tools of financial statement analysis include common-size statement
Trend analysis refers to the study of movement of figures for one year
The common–size statements show the relationship of various items with somecommon base, expressed as percentage of the common base
1.
(a)
Financial statement analysis
2.
(d)
all of the above
3.
(c)
three columns
4.
(a)
Financial statements
5.
(c)
Financial statement
6.
(c)
25
7.
(c)
Expert knowledge is not required in analysing the financial statements
8.
(d)
9.
(d)
Trend analysis
10.
(c)
Trend analysis refers to the study of movement of figures for one year
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Tamilnadu Stateboard 12th Standard Subjects
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Accountancy
History
Computer Applications
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Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
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Maths
Chemistry
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Computer Technology
History
Accountancy
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