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प्रश्न
State whether following statement are true or false :
Financial statements include only balance sheet.
विकल्प
True
False
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उत्तर
False
Explanation: Financial statements are the statements that report the operating results and the financial position of the business at the end of the accounting period. It consists of two statements, namely, Balance Sheet (i.e. Position statement) and Income Statement (i.e. Trading and Profit and Loss Account). Balance sheet reflects the financial position of the business, whereas, Trading and Profit and Loss Account reflects the operating results, i.e. gross and net profit of the business.
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संबंधित प्रश्न
Capital balance is ascertained by preparing....................................
- Statement of affairs
- Cash account
- Drawing account
- Debtor’s account
Balance sheet is a nominal account.
What do you mean by Analysis of Financial Statement?
State any one limitation of Analysis of Financial Statement.
From the following information of a club show the amounts of match expenses and match fund in the Financial Statement of the Club for the year ended on 31st March, 2009 and 31st March, 2010.
|
Details |
Amount Rs |
|
Match expenses (Paid during the year 2009-2010) |
30,000 |
|
Match Fund (as on 31-3-2009) |
17,000 |
|
Donation for Match Fund (Received during the year 2009 – 2010) |
9,000 |
|
Proceeds from the sale of match tickets (Received during the year 2009-2010) |
3,000 |
State true or false with reason.
Gross Profit depends upon Net Sales.
State and explain any 'four objectives' of analysis of financial statement from a business concern's point of view.
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
State whether following statement is true or false :
Government is not interested in analysis of financial statement.
Select the appropriate answer from the alternatives given below & rewrite the completed statement:
The methodical classification of financial statement is called _____________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Cash proceeds from issue of debentures is _______________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Bills payable is _____________.
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
Explain the limitations of analysis of financial statements.
The Common Size Statement requires _________.
Give one word/term/phrase for the following statement.
Statement showing changes in cash and cash equivalent during a particular period.
State true or false with reason.
Financial Statement includes only Balance Sheet.
Answer in one sentence only.
State the formula of Cost of goods sold?
Prepare Comparative Balance Sheet for the year ended 31.3.18 and 31.3.19 Assets & Liabilities as follows:
| Particulars | 31.3.18 (₹) | 31.3.19 (₹) |
| 1) Fixed Assets | 120,000 | 1,50,000 |
| 2) Share Capital | 60,000 | 72,000 |
| 3) Current Assets | 28,000 | 27,000 |
| 4) Reserve & Surplus | 24,000 | 30,000 |
| 5) Loan | 34,000 | 51,000 |
| 6) Current liabilities | 30,000 | 24,000 |
Which of the following statements is not true?
Which of the following is a tool of Analysis of Financial Statements?
It is technique which involves regrouping of data by application of arithmetical relationships. Identify the technique and state any two advantages of the technique identified.
