12th Standard CBSE - Accountancy - Financial Statement Analysis

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Question - 1

Nature of financial statement

  • A recorded facts
  • B accounting convention
  • C postulates 
  • D all of above

Question - 2

What are the objectives of financial statement

  • A To provide information about economic resource
  • B To provide information about cash flows
  • C To judge effectiveness of management
  • D All of them 

Question - 3

What are the importance of financial statement

  • A Disclosing  accounting  policies
  • B information about activities of business affecting the society
  • C report on stewarding function 
  • D all of them

Question - 4

What is the limitations of financial statement

  • A basis for fiscal policies
  • B basis for granting of credit
  • C guide to the value of the investment already made 
  • D do not reflect current situation 

Question - 5

Share capital is

  • A assets 
  • B fixed assets
  • C liabilities 
  • D balance sheet

Question - 6

As which act companies  is revised schedule VI

  • A 1956 
  • B 1989 
  • C 1978 
  • D 1965

Question - 7

Assets are divide in to

  • A 8
  • B 1
  • C 10
  • D 2

Question - 8

Reserve and surplus are comes in which head

  • A non current liability
  • B assets 
  • C fixed assets 
  • D shareholder funds

Question - 9

Secured loans are

  • A long term loan
  • B short term loan
  • C assets 
  • D current assets

Question - 10

Types of financial statement

  • A 2
  • B 3
  • C 5
  • D 7
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