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Class 12 Accountancy: Analysis of Financial Statements — Chapter Test 1

Class 12 • Accountancy • Analysis of Financial Statements • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
Comparative statements compare figures of:
A
one year only
B
two or more periods
C
one company with the Sun
D
cash only
View Correct Answer & Step-by-Step Solution
Correct Option:(B)two or more periods

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
In a common-size income statement, each item is expressed as a percentage of:
A
total assets
B
revenue from operations
C
net profit
D
equity
View Correct Answer & Step-by-Step Solution
Correct Option:(B)revenue from operations

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
In a common-size balance sheet, each item is expressed as a percentage of:
A
revenue
B
total of the balance sheet (total assets/equity and liabilities)
C
net profit
D
cash
View Correct Answer & Step-by-Step Solution
Correct Option:(B)total of the balance sheet (total assets/equity and liabilities)

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
Horizontal analysis is also called:
A
static analysis
B
dynamic analysis
C
ratio analysis only
D
cash analysis
View Correct Answer & Step-by-Step Solution
Correct Option:(B)dynamic analysis

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
Vertical analysis is also called:
A
dynamic analysis
B
static analysis
C
trend analysis
D
fund flow
View Correct Answer & Step-by-Step Solution
Correct Option:(B)static analysis

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 12 Accountancy: Analysis of Financial Statements — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Analysis of Financial Statements" of Class 12 Accountancy. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.