CBSE Class 12 Analysis of Financial Statements Multiple Choice Questions with Answers. MCQ Questions Class 12 Analysis of Financial Statements with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Analysis of Financial Statements with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 12 Analysis of Financial Statements with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Analysis of Financial Statements with Answers. You can also verify your answers from the provided MCQ Class 12 Analysis of Financial Statements with Answers. So, ace up your preparation with MCQ of Class 12 Accountancy Examinations.
MCQ Questions Class 12 Analysis of Financial Statements with Answers - Set - 1
Question 1:Â
Trend ratios and trend percentage are used in :
(a) Dynamic analysis
(b) Static analysis
(c) Horizontal analysis
(d) Vertical Analysis
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Correct Answer – (C)
Question 2:Â
For calculating trend percentages any year is selected as:
(a) Current year
(b) Previous year
(c) Base year
(d) None of these
Correct Answer – (C)
Question 3:Â
The most commonly used tools for financial analysis are:
(a) Comparative Statements
(b) Common-size Statement
(c) Accounting Ratios
(d) All the above
Correct Answer – (D)
Question 4:Â
Comparative Statements are also known as :
(a) Dynamic Analysis
(b) Horizontal Analysis
(c) Vertical Analysis
(d) External Analysis
Correct Answer – (A)
Question 5:Â
Horizontal Analysis is also known as :
(a) Dynamic Analysis
(b) Structural Analysis
(c) Static Analysis
(d) None of these
Correct Answer – (A)
MCQ Questions Class 12 Analysis of Financial Statements With Answers
Question 6:Â
Tools for comparison of financial statements are :
(a) Comparative Balance Sheet
(b) Comparative Income Statement
(c) Common-size Statement
(d) All the above
Correct Answer – (D)
Question 7:Â
The analysis of financial statement by a shareholder is an example of:
(a) External Analysis
(b) Internal Analysis
(c) Vertical Analysis
(d) Horizontal Analysis
Correct Answer – (A)
Question 8:Â
Common-size Statement are also known as:
(a) Dynamic Analysis
(b) Horizontal Analysis
(c) Vertical Analysis
(d) External Analysis
Correct Answer – (C)
Question 9:Â
Vertical Analysis is also known as :
(a) Static Analysis
(b) Dynamic Analysis
(c) Structural Analysis
(d) None of these
Correct Answer – (A)
Question 10:Â
Interpretation of Financial Statements includes:
(a) Criticisms and Analysis
(b) Comparison and Trend Study
(c) Drawing Conclusion
(d) All the above
