#financial statements

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 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 Statement Analysis

Directions For Questions Directions: Read the following passage carefully: Financial statement analysis involves the cri

Financial statement analysis financial analysis correct; comparative statements different periods absolute percentage changes.

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

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Cash Flow Statement

Calculate and state the nature of activity under cash flow statement: Acquired Machinery for ₹5,00,000 paying 50% by che

Outflow Investing activity ₹(2,50,000) cash flow correct; operating investing financing classification AS-3.

Ref: NCERT Accountancy Class XII Chapter 10 Cash Flow Statement explains operating investing financing activities AS-3 format preparation methods clearly.

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Theory Base of Accounting

Which of the following points out the nature of financial statements? (i) Financial statements are prepared on the basis

(i), (ii), (iiii) and (iv) correct per NCERT Theory Base of Accounting; matches accountancy concept accurately.

Ref: NCERT Accountancy Class XI Chapter 2 Theory Base of Accounting covers GAAP accounting principles concepts conventions standards clearly explained.

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Financial Statements 3

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 XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 2

Directions For Questions Directions: Read the following passage carefully: The balance sheet is a snapshot of a company'

Revenue 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 2

Comparison of financial statements highlights the trend of the:

all of the above 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 2

Financial statements include

profit and loss account only. 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 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 2

Which of the following item can be presented on the asset side of the balance sheet of a company?

Both (a) and (c) 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 2

The financial statements provide basic input for industrial, taxation and other economic policies of the government.

True 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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