Analysis Of Financial Statements(12th Grade > Accountancy ) Questions and Answers
Explanation:-
Answer: Option C. -> Both : Common-size balance sheet shows relative value of the various items. In the common size income statement, each product is represented as a percentage of theRevenue from Operations.:
C
The following statements are correct :
Common-size balance sheet shows relative value of the various items.
In the common size income statement, each product is represented as a percentage of the Revenue from Operations.
Explanation:-
Answer: Option A. -> Comparative Balance Sheet:
A
Comparative balance sheet statement shows the increase and decrease in various assets, liabilities and capital in two or more balance sheets of the same business enterprise on different dates
Explanation:-
Answer: Option B. -> Comparative Analysis:
B
When financial statement figures for two or more years are placed side-by-side to facilitate comparison , these are called comparative analysis.
Explanation:-
Answer: Option A. -> 23.53%:
A
Cash balance is (1,00,000 / 4,25,000) * 100 = 23.53% of total assets
Explanation:-
Answer: Option C. -> 24%:
C
Selling Expenses = (60,000 / 2,50,000) * 100 = 24% of Total Revenue
Explanation:-
Answer: Option B. -> Common Size Statement:
B
Common size statement express all items of financial statement as a percentage of some common base such as total assets for balance sheet