HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

State whether following statement are true or false :
Financial statements include only balance sheet.

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 _____________.

Select the appropriate answer from the alternatives given below & rewrite the completed statement
From financial statement analysis, the creditors are interested to know _____________.

Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.

Answer the following in brief :
What do you mean by analysis of financial statements?

Answer the following in brief :
State any three limitations of Analysis of financial statement.

Answer the following question in one sentence only.
What is inland bill exchange?

Answer the following question in one sentence only.
What is foreign bill of exchange?

Give word / term or phrase for the following statement.
A bill of exchange drawn and accepted for a value received.

Give word / term or phrase for the following statement.
The bill which is drawn in one country and payable in other country.

Write True or False.
The inland bill which is drawn in and payable in the same country.

Write one Word / Term / Phrase for the following statement.
Such concerns, which are formed for rendering some useful services to its members without having profit motive.

State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.

What is ‘analysis’ of financial statement?

Explain the limitations of analysis of financial statements.

State whether the following statement is True or False with reasons.

If the partnership deed is silent, partners share profits and losses in proportion to their capital.