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.
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MCQ Questions Class 12 Analysis of Financial Statements with Answers - Set - 4
Question 1:Â
In which meeting of company directors report is presented ?
(a) Directors Meeting
(b) Annual General Meeting
(c) Manager’s Meeting
(d) All of the above
Correct Answer – (B)
Question 2:Â
Profit & Loss Account is also called :
(a) Balance Sheet
(b) Income Statements
(c) Operating Profit
(d) Investment
Correct Answer – (B)
Question 3:Â
An annual report is issued by company to its :
(a) Directors
(b) Auditors
(c) Shareholders
(d) Management
Correct Answer – (C)
Question 4:Â
Which of the following shows the actual financial position of n enterprise ?
(a) Fund Flow
(b) Balance Sheet
(c) P & L A/c
(d) Ratio Analysis
Correct Answer – (B)
Question 5:Â
Which of the following is not a limitations of financial statement analysis ?
(a) To measure the financial strength
(b) Affected by window-dressing
(c) Do not reflect changes in price level
(d) Lack of Qualitative Analysis
Correct Answer – (A)
MCQ Questions Class 12 Analysis of Financial Statements With Answers
Question 6:Â
Which of the following statement is correct ?
(a) Assets = Liabilities + Shareholders funds
(b) Assets = Total funds
(c) Assets = Funds of outsiders .
(d) None of the above
Correct Answer – (A)
Question 7:Â
Balance Sheet provides information about financial position of the enterprise :
(a) At a Point of Time
(b) Over a Period of Time
(c) For a Period of Time
(d) None of the above
Correct Answer – (A)
Question 8:Â
The financial statements of a business enterprise include:
(a) Balance Sheet
(b) Profit & Loss Account
(c) Cash Flow Statement
(d) All the above
Correct Answer – (D)
Question 9:Â
Break-even Analysis shows:
(a) Relationship between cost and sales
(b) Relationship between production and purchases
(c) Relationship between cost and revenue
(d) None of these
Correct Answer – (A)
Question 10:Â
Out of the following which parties are interested in financial statements ?
(a) Managers
(b) Financial Institutions
(c) Creditors
(d) All the these
