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 financial statements do not exhibit

(a)

Non-monetary data

(b)

Past data

(c)

Short term data

(d)

Long term data

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%