Comparative Statements Class 12 MCQs Questions with Answers

1. What is gross profit + materials consumed?

2. In comparative statements change in different items is presented in the form of ………………………

3. Which of the following is not a form of presenting financial analysis :

4. Which analysis depicts the relationship between two figures :

5. Comparative Balance Sheet:

6. Fixed Assets of a company increased from ₹3,00,000 to ₹4,00,000. What the percentage of change?

7. Interest on Loans is

8. Net profit is obtained by deducting from Gross Profit.

9. A company’s working capital is ₹10 lakh (Negative balance) in the year 2018. It became ₹15 lakh (Positive balance) in the year 2019. What is the percentage of change?

10. Revenue from Operations ₹8,00,000; Gross Profit Ratio 32%; Indirect Exp. 10% of Gross Profit and income tax 40%. What will be the amount of profit after tax?

11. Which one of the following items is not a tool used for financial analysis?

12. The most commonly used tools for financial analysis are :

13. Which of the following is the objective of comparative Statements?

14. ‘No profit no loss’ point is called :

15. Which objective is not fulfilled by comparative Statement of Profit & Loss :

16. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations; Operating expenses ₹30,000 and rate of income tax is 40%. What will be amount of profit after tax?

17. Amount left after deducting gross profit from Revenue from Operations is generally ;

18. Revenue from Operations less cost of Revenue from Operations is called :

19. Which one of the following items is not a method/tool of analysis of financial statements?

20. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations, indirect expenses 15% of Gross Profit; Income Tax 40%. Calculate net profit after tax