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Chapters
Chapter 2: Partnership Final Accounts
Chapter 3: Reconstitution of Partnership (Admission of Partner)
Chapter 4: Reconstitution of Partnership (Retirement of Partnership)
Chapter 5: Reconstitution of Partnership (Death of Partner)
Chapter 6: Dissolution of Partnership Firm
Chapter 7: Accounts of 'Not For Profit' Concerns
Chapter 8: Single entry System
Chapter 9: Bill of Exchange (Trade Bill)
Chapter 10: Company Accounts Part - 1 (Accounting for Shares)
Chapter 11: Company Accounts Part - 2 (Accounting for Debentures)
Chapter 12: Analysis of Financial Statements

Chapter 12: Analysis of Financial Statements
Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board Chapter 12 Analysis of Financial Statements Exercise [Page 384]
State whether following statement are true or false :
Financial statements include only balance sheet.
True
False
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
True
False
State whether following statement is true or false :
Purchase of fixed asset is operating cash flow.
True
False
State true or false with reason.
Gross profit depends upon not sales.
True
False
State whether following statement is true or false :
ROI is calculated on ownership capital only.
True
False
State whether following statement is true or false :
Net profit shows quick ratio.
True
False
State whether following statement is true or false :
Government is not interested in analysis of financial statement.
True
False
State whether following statement is true or false.
Ratio Analysis is useful for inter-firm comparison.
True
False
Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board Chapter 12 Analysis of Financial Statements Exercise [Page 384]
Select the appropriate answer from the alternatives given below & rewrite the completed statement:
The methodical classification of financial statement is called _____________.
an interpretation
an analysis
ratio
profit and loss A/c
Select the appropriate answer from the alternatives given below & rewrite the completed statement :
The common size statement requires _____________.
choose of common base
journal entries
cash and flow
current ratio
Select the appropriate answer from the alternatives given below & rewrite the completed statement :
The short term deposits are _______________.
net cash
cash equivalent
cash flow
cash outflow
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Cash proceeds from issue of debentures is _______________.
financial activity
non financial activity
operating activity
trading activity
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Bills payable is _____________.
Long term loan
Current liability
Liquid asset
Net loss
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Generally current ratio should be _______________.
2:1
1:1
3:1
1:2
Select the appropriate answer from the alternatives given below & rewrite the completed statement
The relationship between net profit before Tax, interest and dividend and capital employed is known from _____________.
Current Ratio
Quick Ratio
ROI
ROCE
Select the appropriate answer from the alternatives given below & rewrite the completed statement
From financial statement analysis, the creditors are interested to know _____________.
liquidity
profit
sale
share capital
Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board Chapter 12 Analysis of Financial Statements Exercise [Pages 384 - 385]
Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
Give one word/term/ phrase for the following statement
The statement showing profitability of two different period and its percentage change.
Give one word/term/ phrase for the following statement
The tool for analysis of financial statement where, individual figures of balance sheet is converted into percentage.
Give one word/term/ phrase for the following statement
The type of activity in cash flow analysis, involving purchase of fixed asset.
Give one word/term/ phrase for the following statement
A particular mathematical number showing relationship between two accounting figures.
Give one word/term/ phrase for the following statement.
An asset which can be converted into cash immediately.
Give one word/term/ phrase for the following statement
The ratio measuring the relationship between gross profit and net sales.
Give one word/term/ phrase for the following statement
The ratio measuring the relationship between net profit and ownership capital employed.
Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board Chapter 12 Analysis of Financial Statements Exercise [Page 385]
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 in brief :
What is comparative financial statement?
Answer the following in brief :
What are the different cash inflows and cash outflows of operating activity?
Answer the following in brief :
What is cash equivalent?
Answer the following in brief :
What are the components of current ratio?
Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board Chapter 12 Analysis of Financial Statements Exercise [Page 385]
Explain the following :
Operating profit.
Explain the following :
Quick assets
Explain the following :
ROI.
Explain the following :
Comparative income statement
Explain the following :
Common size balance sheet.
Explain the following :
Operating activities in cash flow.
Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board Chapter 12 Analysis of Financial Statements Exercise [Pages 385 - 386]
Solve the following:
In common size balance sheet fixed assets are Rs 50,000 and balance sheet total as Rs 1,50,000. Find out percentage of fixed assets to total assets.
Solve the following:
If current assets are Rs 2,50,000 and current liabilities are Rs 1,25,000. What will be current ratio?
Solve the following:
If gross profit as Rs 2,20,000 and operating expenses are Rs 85,000 and non operating expenses are Rs 30,000, find out operating profit.
Solve the following:
If total capital invested by company is Rs 5,00,000 and net profit before interest, tax and dividend is Rs 1,60,000, what is ROI?
Solve the following :
If office expenses of two different periods are Rs 4,000 and Rs 5,000 respectively and sales for same two periods are Rs 1,00,000 and Rs 2,00,000 respectively then what is absolute change and percentage?
Chapter 12: Analysis of Financial Statements

Micheal Vaz solutions for Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board chapter 12 - Analysis of Financial Statements
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Concepts covered in Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board chapter 12 Analysis of Financial Statements are Comparative Statements, Common Size Statements, Cash Flow Analysis, Ratio Analysis and its Types, Concept of Accounting Ratios, Classification of Ratios, Introductions to Current Ratio, Introductions to Liquid Ratio, Introductions to Gross Profit Ratio, Operating Profit Ratio, Return on Investment (ROI), ROCE, Concept of Financial Statement Analysis.
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