MCQ Questions Class 12 Accountancy Chapter 13 Common Size Statements with Answers

Free PDF Download of CBSE Class 12 Accountancy Chapter 13 Common Size Statements Multiple Choice Questions with Answers. Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 12 Accountancy Chapter 13 Common Size Statements Multiple Choice Questions with Answers to know their preparation level.

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Common Size Statements Class 12 MCQs Questions with Answers

Class 12 Accountancy Chapter 13 Common Size Statements MCQ Questions with Answers

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

4. 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?

 
 
 
 

5. Main objective of Common Size statement is :

 
 
 
 

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

 
 
 
 

7. 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?

 
 
 
 

8. Main objective of Trend Analysis is

 
 
 
 

9. 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?

 
 
 
 

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

 
 
 
 

11. Main objective of Common Size Balance Sheet is :

 
 
 
 

12. 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?

 
 
 
 

13. Common Size Statements are prepared

 
 
 
 

14. 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?

 
 
 
 

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

 
 
 
 

16. Which of the following is untrue :

 
 
 
 

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