## Accountancy MCQ Class 12 Chapter 9 | Analysis of Financial Statements | Accountancy Quiz for Class 12 and Other Competitive Exams

Accountancy MCQ Class 12 Chapter 9: Check the below NCERT MCQ Questions for Accountancy MCQ Class 12 Chapter 9 with Answers Pdf free download. Accountancy MCQ Class 12 Chapter 9 Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accountancy MCQ Class 12 Chapter 9 with Answers to help students understand the concept very well.

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## Accountancy MCQ Class 12 Chapter 9

1. The analysis of financial statement by a shareholder is an example of:
(a) External Analysis
(b) Internal Analysis
(c) Vertical Analysis
(d) Horizontal Analysis

(a) External Analysis

2. Which of the following is the type of financial analysis based on the process?
(a) Horizontal Analysis
(b) Vertical Analysis
(c) Ratio Analysis
(d) Both (a) and (b)

(d) Both (a) and (b)

3. __________ is also known as vertical analysis.
(a) Fluctuation analysis
(b) Static analysis
(c) Horizontal analysis
(d) None of the above

(b) Static analysis

4. Tools for comparison of financial statements are :
(a) Comparative Balance Sheet
(b) Comparative Income Statement
(c) Common-size Statement
(d) All the above

(d) All the above

5. Which of the following is/are included in the financial statements of a business enterprise?
(a) Balance sheet
(b) Profit and loss account
(c) Cash flow statement
(d) All of the above

(d) All of the above

6. Break-even point refers to that point where :
(a) Total Costs are more than Total Sales
(b) Total Costs are less than Total Sales
(c) Total Costs are half of the Total Sales
(d) Total Cost are equal to total sales

(d) Total Cost are equal to total sales

7. Balance sheet provides information about the financial position of the enterprise _____.
(a) At a point of time
(b) Over a period of time
(c) For a period of time
(d) None of the above

(a) At a point of time

8. Comparative financial analysis process shows the comparison between the items of which statement:
(a) Balance Sheet
(b) Profit & Loss Statement
(c) (a) and (b) both
(d) None of these

(c) (a) and (b) both

9. Which of the below formula is correct?
(a) Assets = Liabilities + Shareholders’ funds
(b) Assets = Total funds
(c) Assets = Funds of outsiders
(d) None of the above

(a) Assets = Liabilities + Shareholders’ funds

10. Which of these are not the method of financial statement analysis ?
(a) Ratio Analysis
(b) Comparative Analysis
(c) Trend Analysis
(d) Capitalisation Method

(d) Capitalisation Method  ## Related post

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