Common Size Statements Class 12 MCQs Questions with Answers

1. Which of the following is untrue :

2. If net revenue from operations of a firm are ₹1,20,000; cost of revenue from operations is ₹66,000 and operating expenses are ₹21,600, what will be the percentage of operating income on net revenue from operations?

3. The objective of common size Statement of Profit & Loss is not to

4. Main objective of Common Size Balance Sheet is :

5. Main objective of Common Size statement is :

6. In the Statement of Profit & Loss of a Common Size Statement :

7. In the Balance Sheet of a Common Size Statement:

8. Main objective of Trend Analysis is

9. Common Size Statements are prepared

10. If net revenue from operations of a firm are ₹15,00,000; Gross Profit is ₹9,00,000 and operating expenses are ₹75,000, what will be percentage of operating income on net revenue from operations?

11. In a common size Balance Sheet, total liabilities are assumed to be equal to

12. In a common size Statement of Profit & Loss, the amount of net revenue from operations is assumed to be equal to

13. What will be the trend percentage, if the Inventory of a firm is 2,00,000; 2,40,000; 3,00,000 and 4,00,000 respectively?

14. Main objective of Common Size Statment of Profit & Loss is :

15. Total assets of a firm are ₹20,00,000 and its fixed assets are ₹8,00,000. What will be the percentage of fixed assets on total assets?

16. If total assets of a firm are ₹8,20,000 and its fixed assets are ₹5,90,400, what will be the percentage of current assets on total assets?