Comparative Statements Class 12 MCQs Questions with Answers

1. Which analysis depicts the relationship between two figures :

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

3. 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?

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

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

6. 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?

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

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

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

10. Comparative Balance Sheet:

11. 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?

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

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

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

15. What is gross profit + materials consumed?

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

17. 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

18. Interest on Loans is

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

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