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प्रश्न
Which of the following statements is not true?
पर्याय
Notes and schedules also form part of financial statements.
The tools of financial statement analysis include common-size statement
Trend analysis refers to the study of movement of figures for one years
The common-size statements show the relationship of various items with some common base, expressed as percentage of the common base.
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उत्तर
Trend analysis refers to the study of movement of figures for one years
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संबंधित प्रश्न
State any one limitation of Analysis of Financial Statement.
Select the appropriate answer from the alternatives given below & rewrite the completed statement:
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Select the appropriate answer from the alternatives given below & rewrite the completed statement
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Analysis of financial statement is a tool but not a remedy.
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Convert the following Trading and Profit and Loss Account into Vertical Income Statement:
| Dr. | Trading, Profit and Loss Account (for the year ended 31st March, 2020) |
Cr. | |
| Particulars | Amount (₹) |
Particulars | Amount (₹) |
| To Opening stock | 50,000 | By Sales | 6,00,000 |
| To Purchases | 4,50,000 | By Closing Stock | 1,50,000 |
| To Carriage | 20,000 | ||
| To Direct expenses | 30,000 | ||
| To Wages | 50,000 | ||
| To Gross Profit c/d | 1,50,000 | ||
| Total | 7,50,000 | 7,50,000 | |
| To Office expenses | 62,500 | By Gross Profit b/d | 1,50,000 |
| To Finance expenses | 15,000 | ||
| To Selling expenses | 50,000 | ||
| To Net Profit c/d | 22,500 | ||
| Total | 1,50,000 | 1,50,000 | |
