CBSE  /  Class 12  /  Accountancy  /  Analysis of Financial Statements

  • 1. 
    Out of the following which parties are interested in financial statements ?

  • Managers
  • Financial Institutions
  • Creditors
  • All the these

  • 2. 
    Which of the following is not a limitations of financial statement analysis ?

  • To measure the financial strength
  • Affected by window-dressing
  • Do not reflect changes in price level
  • Lack of Qualitative Analysis

  • 3. 
    Break-even Analysis shows:

  • Relationship between cost and sales
  • Relationship between production and purchases
  • Relationship between cost and revenue
  • None of these

  • 4. 
    Which of the following shows the actual financial position of n enterprise ?

  • Fund Flow
  • Balance Sheet
  • P & L A/c
  • Ratio Analysis

  • 5. 
    The financial statements of a business enterprise include:

  • Balance Sheet
  • Profit & Loss Account
  • Cash Flow Statement
  • All the above

  • 6. 
    An annual report is issued by company to its :

  • Directors
  • Auditors
  • Shareholders
  • Management

  • 7. 
    Balance Sheet provides information about financial position of the enterprise :

  • At a Point of Time
  • Over a Period of Time
  • For a Period of Time
  • None of the above

  • 8. 
    Profit & Loss Account is also called :

  • Balance Sheet
  • Income Statements
  • Operating Profit
  • Investment

  • 9. 
    Which of the following statement is correct ?

  • Assets = Liabilities + Shareholders funds
  • Assets = Total funds
  • Assets = Funds of outsiders . (d) None of the above

  • 10. 
    In which meeting of company directors report is presented ?

  • Directors Meeting
  • Annual General Meeting
  • Manager’s Meeting
  • All of the above
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