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Expenses for a business for the first year were ₹ 80,000. In the second year, it was increased to ₹ 88,000. What is the trend percentage in the second year? - Accountancy

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प्रश्न

Expenses for a business for the first year were ₹ 80,000. In the second year, it was increased to ₹ 88,000. What is the trend percentage in the second year?

पर्याय

  • 10%

  • 110%

  • 90%

  • 11%

MCQ
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उत्तर

110%

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पाठ 8: Financial Statement Analysis - Multiple choice questions [पृष्ठ २८६]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 8 Financial Statement Analysis
Multiple choice questions | Q I 10. | पृष्ठ २८६

संबंधित प्रश्‍न

State any objective of Financial Statement Analysis’.


State any one limitation of Financial Statement Analysis’


Long Answer Question

Prepare the format of balance sheet and explain the various elements of balance sheet.


Long Answer Question

Explain the process of preparing income statement and balance sheet.


What are the major heads in the Equity and Liabilities part of the Balance Sheet as per Schedule III?  


Classify the following items under major head and sub-head (if any) in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:

(i) Capital Work-in-Progress:

(ii) Provision for Warranties;

(iii) Income received in Advance; and

(iv) Capital Advances


Prepare Balance Sheet of VT Ltd. as at 31st March 2019, from the following information as per Schedule III, Part I of the Companies Act, 2013:  

     
General Reserve 3,000   Fixed Assets: Tangible Assets (Cost) 9,000
8% Debentures 3,000   Other Current Liabilities 2,500
Surplus, i.e., Balance in Statement of Profit and Loss (Credit) 1,200   Share Capital 5,000
Depreciation of Fixed Assets 700   Other Current Assets 6,400

For income measurement ______ basis of accounting is followed.


Consider the following statements.

Statement 1 - "Financial statements are primarily directed towards the needs of owners"

Statement 2 - "Financial statements are primarily not directed towards the needs of owners"


Carriage Inwards is shown in the Statement of Profit and Loss under ______.


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