#profit and loss

Financial Statement Analysis

Directions For Questions Directions: Read the following passage carefully: The preparation of comparative financial stat

Comparative statements compare different periods data; shows absolute percentage changes trends.

Ref: NCERT Accountancy Class XII Chapter 8 Financial Statement Analysis explains comparative common size analysis tools techniques interpretation methods.

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Financial Statements 2

Which of the following is not a part of finance cost (in the statement of profit and loss)?

Bank charges financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

Read the following case study and answer the question on the basis of the same. XYZ Ltd. is a financial company. For the

Revenue from Operations financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

Read the following case study and answer the question on the basis of the same. XYZ Ltd. is a financial company. For the

Revenue from Operations financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

For a financial company, interest on loans given is shown in the statement of profit and loss as

revenue from operations financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

Which of the following is not included under ‘revenue from operations’ in the statement of profit and loss?

Interest income financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Accounting Fundamentals 2

Contingency reserve, profit and loss account (credit) balance and deferred revenue expenditure account are credited to c

Partially true correct accounting fundamental; capital revenue classification per accounting principles.

Ref: NCERT Accountancy Class XI Chapter 1 Accounting Fundamentals explains accounting meaning objectives advantages limitations double entry system clearly.

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