CBSE Class 12 Accountancy Analysis of Financial Statements Quiz 5

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CBSE › Class 12 › Accountancy › Analysis of Financial Statements

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1. On the basis of process, which of the following is the type of financial analysis ?

A Horizontal Analysis B Vertical Analysis C Ratio Analysis D (a) and (b) both

2. Which Of the following is limitation of financial analysis ?

A Window-dressing B Basis of Valuation C Lack of Accuracy D All the above

3. Which of the following is not the limitations of financial analysis ?

A Lack of Accuracy B Based on Historical facts C Basis of Valuation D Information of Profit and Loss

4. When Financial Statements of two or more organisations are analysed, it is called :

A Intra-firm Analysis B Inter-firm Analysis C Vertical Analysis D None of these

5. Which of the following statement correct ?

A Retained Earnings = Total Income B Retained Earnings = Revenue-expenses C Retained Earnings = Gross Profit D None of the above

6. Which of the following is a type of Financial Analysis on the basis of material used ?

A Internal Analysis B External Analysis C Internal Audit D Both (a) and (b)

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