CBSE Class 12 Accountancy Analysis of Financial Statements Quiz 4

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CBSE › Class 12 › Accountancy › Analysis of Financial Statements

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

A Managers B Financial Institutions C Creditors D All the these

2. 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

3. 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

4. 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

5. The financial statements of a business enterprise include:

A Balance Sheet B Profit & Loss Account C Cash Flow Statement D All the above

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

A Directors B Auditors C Shareholders D Management

7. 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

8. Profit & Loss Account is also called :

A Balance Sheet B Income Statements C Operating Profit D Investment

9. 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

10. 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

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