Balance sheet provides information about the financial position of a business concern

(a)

Over a period of time

(b)

As on a particular date

(c)

For a period of time

(d)

For the accounting period

The term ‘fund’ refers to

(a)

Current liabilities

(b)

Working capital

(c)

Fixed assets

(d)

Non-current assets

A limited company’s sales has increased from Rs.1,25,000 to Rs.1,50,000. How does this appear in comparative income statement?

(a)

+ 20 %

(b)

+ 120 %

(c)

– 120 %

(d)

– 20 %

Expenses for a business for the first year were Rs. 80,000. In the second year, it was increased to Rs. 88,000. What is the trend percentage in the second year?

(a)

10 %

(b)

110 %

(c)

90 %

(d)

11%

Different tools are used for analysing the _____________

(a)

balance sheet

(b)

financial statement

(c)

income statement

(d)

none of these

When figure relating to several years are considered for the purpose of analysis, the analysis is called ______________

(a)

Horizontal analysis

(b)

Vertical analysis

(c)

Trend analysis

(d)

Cash flow analysis

Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?

(a)

Ratio analysis

(b)

Average analysis

(c)

Trend analysis

(d)

An of the above

Match List I with List II and Select the Correct Answer using the Codes given below.

	List I		List II
(i)	Comparative statement	1.	Tendency of movements
(ii)	Common size statements	2.	Working capital
(iii)	Trend analysis	3.	Previous years
(iv)	Funds flow analysis	4.	Different periods of time

(a)

(i)	(ii)	(iii)	(iv)
4	3	1	2

(b)

(i)	(ii)	(iii)	(iv)
1	2	3	4

(c)

(i)	(ii)	(iii)	(iv)
2	3	4	1

(d)

(i)	(ii)	(iii)	(iv)
3	1	2	4

_____________ refers to the tendency of movement

(a)

Ratio

(b)

Trend

(c)

Both 'a' and 'b'

(d)

None of these

_______________ analysis helps in assessing the liquidity and solvency of a business concern.

(a)

Fund flow

(b)

Trend

(c)

Cash flow

(d)

None of these