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1.	Class 12 Accountancy MCQ Questions of Comparative Statements with Answers
Answer» Practice Class 12 Accountancy MCQ Questions of Comparative Statements with Answers without carelessness to score great marks in the exams. solving the Multiple Choice Questions for Class 12 Accountancy is the least demanding approach to understanding the ideas. Students can solve Class 12 Accountancy Comparative Statements MCQ Questions with Answers to realize their preparation level. MCQ Questions for Class 12 Accountancy with Answers are given by subject specialists according to the most recent version of CBSE Books. Students are encouraged to go through and practice the Multiple Choice Questions of Class 12 Accountancy to score well in their board exams. Increase your preparation with MCQ Questions Analysis of Financial Statements Class 12 Objective Questions. Practice the MCQ Questions for Class 12 Accountancy and attempt the actual exam. 1. The most commonly used tools for financial analysis are : (A) Comparative Statements (B) Common Size Statements (C) Accounting Ratios (D) All of the above 2. This item is not used as a tool for Analysis of Financial Statements : (A) Cash Flow Statement (B) Fund Flow Statement (C) Ratio Analysis (D) No. of Employees Statement 3. Which one of the following items is not a tool used for financial analysis? (A) Comparative Statements (B) Ratio Analysis (C) Common Size Statements (D) Statement of Dividend Distribution 4. Which one of the following items is not a method/tool of analysis of financial statements? (A) Trend Analysis (B) Statement of Affairs (C) Cash Flow Statement (D) Comparative Statements 5. Which one of the following items is not a method/tool of analysis of financial statements? (A) Accounting Ratio (B) Break Even Point (C) Statement of Receipts and Payments (D) Fund Flow Statement 6. Which one of the following items is not a method/tool of analysis of financial statements? (A) Fund Flow Statement (B) Common Size Statement (C) Statement of Trade Receivables (D) Cash Flow Statement 7. Which of the following statements are true a) All of the options b) External analysis depends entirely on issued financial statements c) Interpretation and analysis both are different d) Financial analysis covers interpretation 8. Importance of Comparative Statement is a) Indicate the trend with respect to the previous year b) Make the data simple and more understandable c) All of the options d) compare the firm performance with the performance of other firm in the same business 9. Which one of the following is not a method/tool of analysis of financial statements? a. Accounting Ratios b. Break Even Point c. Statements of Receipts and Payments d. Fund Flow Statement 10. Feature of financial analysis is to present the data contained in financial statements in a. Easy form b. Convenient and rational groups c. Comparable form d. All of the above 11. The financial statements of a business enterprise include : (a) Balance sheet (b) Statement of Profit and loss account (c) Cash flow statement (d) All the above 12. Which of the following is the objective of comparative statements? a. To make the data simpler and understandable b. To indicate the trend c. To help in forecasting d. All of the above 13. When financial statements of several years are analysed, it is termed as a) None of the options b) Horizontal analysis c) Current ratios d) Vertical analysis 14. Heterogeneous cash flows can be made comparable by a) Discounting technique and Compounding technique b) Discounting technique c) Compounding technique d) None of the options 15. Comparative Balance Sheet : a. Provides a summarized view of the operations of the firm b. Presents the financial position of the firm c. Presents the change in various items of balance sheet d. None of the above 16. Which analysis is considered as dynamic? a. Horizontal Analysis b. vertical Analysis c. internal Analysis d. external Analysis 17. Comparative Statement of Profit and Loss provides information about: a. Rate of increase or decrease in revenue from operations b. Rate of increase or decrease in cost of revenue from operations c. Rate of increase or decrease in net profit d. All of the above 18. The most commonly used tools for financial analysis are : (a) Horizontal analysis (b) Vertical analysis (c) Ratio analysis (d) All the above 19. The most commonly used tools for financial analysis are : (A) Comparative Statements (B) Common Size Statements (C) Accounting Ratios (D) All of the above 20. This item is not used as a tool for Analysis of Financial Statements : (A) Cash Flow Statement (B) Fund Flow Statement (C) Ratio Analysis (D) No. of Employees Statement 21. Which one of the following items is not a tool used for financial analysis? (A) Comparative Statements (B) Ratio Analysis (C) Common Size Statements (D) Statement of Dividend Distribution 22. Which one of the following items is not a method/tool of analysis of financial statements? (A) Trend Analysis (B) Statement of Affairs (C) Cash Flow Statement (D) Comparative Statements 23. Which one of the following items is not a method/tool of analysis of financial statements? (A) Accounting Ratio (B) Break Even Point (C) Statement of Receipts and Payments (D) Fund Flow Statement 24. Which one of the following items is not a method/tool of analysis of financial statements? (A) Fund Flow Statement (B) Common Size Statement (C) Statement of Trade Receivables (D) Cash Flow Statement 25. Which of the following is the objective of comparative Statements? (A) To make the data simpler and understandable (B) To indicate the trend (C) To help in forecasting (D) All of the Above Answer: 1. Answer (D) All of the above 2. Answer (D) No. of Employees Statement 3. Answer (D) Statement of Dividend Distribution 4. Answer (B) Statement of Affairs 5. Answer (B) Statement of Affairs 6. Answer (C) Statement of Trade Receivables 7. Answer (a) All of the options 8. Answer (c) All of the options 9. Answer (c) Statements of Receipts and Payments 10. Answer (d) All of the above 11. Answer (d) All the above 12. Answer (d) All of the above 13. Answer (d) Vertical analysis 14. Answer (a) Discounting technique and Compounding technique 15. Answer (c) Presents the change in various items of balance sheet 16. Answer (a) Horizontal Analysis 17. Answer (d) All of the above 18. Answer (d) All the above 19. Answer (D) All of the above 20. Answer (D) No. of Employees Statement 21. Answer (D) Statement of Dividend Distribution 22. Answer (B) Statement of Affairs 23. Answer (C) Statement of Receipts and Payments 24. Answer (C) Statement of Trade Receivables 25. Answer (D) All of the Above

Class 12 Accountancy MCQ Questions of Comparative Statements with Answers

Answer»

Practice Class 12 Accountancy MCQ Questions of Comparative Statements with Answers without carelessness to score great marks in the exams. solving the Multiple Choice Questions for Class 12 Accountancy is the least demanding approach to understanding the ideas. Students can solve Class 12 Accountancy Comparative Statements MCQ Questions with Answers to realize their preparation level.

MCQ Questions for Class 12 Accountancy with Answers are given by subject specialists according to the most recent version of CBSE Books. Students are encouraged to go through and practice the Multiple Choice Questions of Class 12 Accountancy to score well in their board exams. Increase your preparation with MCQ Questions Analysis of Financial Statements Class 12 Objective Questions. Practice the MCQ Questions for Class 12 Accountancy and attempt the actual exam.

1. The most commonly used tools for financial analysis are :

(A) Comparative Statements
(B) Common Size Statements
(C) Accounting Ratios
(D) All of the above

2. This item is not used as a tool for Analysis of Financial Statements :

(A) Cash Flow Statement
(B) Fund Flow Statement
(C) Ratio Analysis
(D) No. of Employees Statement

3. Which one of the following items is not a tool used for financial analysis?

(A) Comparative Statements
(B) Ratio Analysis
(C) Common Size Statements
(D) Statement of Dividend Distribution

4. Which one of the following items is not a method/tool of analysis of financial statements?

(A) Trend Analysis
(B) Statement of Affairs
(C) Cash Flow Statement
(D) Comparative Statements

5. Which one of the following items is not a method/tool of analysis of financial statements?

(A) Accounting Ratio
(B) Break Even Point
(C) Statement of Receipts and Payments
(D) Fund Flow Statement

6. Which one of the following items is not a method/tool of analysis of financial statements?

(A) Fund Flow Statement
(B) Common Size Statement
(C) Statement of Trade Receivables
(D) Cash Flow Statement

7. Which of the following statements are true

a) All of the options
b) External analysis depends entirely on issued financial statements
c) Interpretation and analysis both are different
d) Financial analysis covers interpretation

8. Importance of Comparative Statement is

a) Indicate the trend with respect to the previous year
b) Make the data simple and more understandable
c) All of the options
d) compare the firm performance with the performance of other firm in the same business

9. Which one of the following is not a method/tool of analysis of financial statements?

a. Accounting Ratios
b. Break Even Point
c. Statements of Receipts and Payments
d. Fund Flow Statement

10. Feature of financial analysis is to present the data contained in financial statements in

a. Easy form
b. Convenient and rational groups
c. Comparable form
d. All of the above

11. The financial statements of a business enterprise include :

(a) Balance sheet
(b) Statement of Profit and loss account
(c) Cash flow statement
(d) All the above

12. Which of the following is the objective of comparative statements?

a. To make the data simpler and understandable
b. To indicate the trend
c. To help in forecasting
d. All of the above

13. When financial statements of several years are analysed, it is termed as

a) None of the options
b) Horizontal analysis
c) Current ratios
d) Vertical analysis

14. Heterogeneous cash flows can be made comparable by

a) Discounting technique and Compounding technique
b) Discounting technique
c) Compounding technique
d) None of the options

15. Comparative Balance Sheet :

a. Provides a summarized view of the operations of the firm
b. Presents the financial position of the firm
c. Presents the change in various items of balance sheet
d. None of the above

16. Which analysis is considered as dynamic?

a. Horizontal Analysis
b. vertical Analysis
c. internal Analysis
d. external Analysis

17. Comparative Statement of Profit and Loss provides information about:

a. Rate of increase or decrease in revenue from operations
b. Rate of increase or decrease in cost of revenue from operations
c. Rate of increase or decrease in net profit
d. All of the above

18. The most commonly used tools for financial analysis are :

(a) Horizontal analysis
(b) Vertical analysis
(c) Ratio analysis
(d) All the above

19. The most commonly used tools for financial analysis are :

(A) Comparative Statements
(B) Common Size Statements
(C) Accounting Ratios
(D) All of the above

20. This item is not used as a tool for Analysis of Financial Statements :
(A) Cash Flow Statement
(B) Fund Flow Statement
(C) Ratio Analysis
(D) No. of Employees Statement

21. Which one of the following items is not a tool used for financial analysis?

(A) Comparative Statements
(B) Ratio Analysis
(C) Common Size Statements
(D) Statement of Dividend Distribution

22. Which one of the following items is not a method/tool of analysis of financial statements?

(A) Trend Analysis
(B) Statement of Affairs
(C) Cash Flow Statement
(D) Comparative Statements

23. Which one of the following items is not a method/tool of analysis of financial statements?

(A) Accounting Ratio
(B) Break Even Point
(C) Statement of Receipts and Payments
(D) Fund Flow Statement

24. Which one of the following items is not a method/tool of analysis of financial statements?

(A) Fund Flow Statement
(B) Common Size Statement
(C) Statement of Trade Receivables
(D) Cash Flow Statement

25. Which of the following is the objective of comparative Statements?

(A) To make the data simpler and understandable
(B) To indicate the trend
(C) To help in forecasting
(D) All of the Above

Answer:

1. Answer (D) All of the above

2. Answer (D) No. of Employees Statement

3. Answer (D) Statement of Dividend Distribution

4. Answer (B) Statement of Affairs

5. Answer (B) Statement of Affairs

6. Answer (C) Statement of Trade Receivables

7. Answer (a) All of the options

8. Answer (c) All of the options

9. Answer (c) Statements of Receipts and Payments

10. Answer (d) All of the above

11. Answer (d) All the above

12. Answer (d) All of the above

13. Answer (d) Vertical analysis

14. Answer (a) Discounting technique and Compounding technique

15. Answer (c) Presents the change in various items of balance sheet

16. Answer (a) Horizontal Analysis

17. Answer (d) All of the above

18. Answer (d) All the above

19. Answer (D) All of the above

20. Answer (D) No. of Employees Statement

21. Answer (D) Statement of Dividend Distribution

22. Answer (B) Statement of Affairs

23. Answer (C) Statement of Receipts and Payments

24. Answer (C) Statement of Trade Receivables

25. Answer (D) All of the Above

Discussion