Comparative Statements Class 12 MCQs Questions with Answers

1. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations; Operating expenses ₹30,000 and rate of income tax is 40%. What will be amount of profit after tax?

2. What is gross profit + materials consumed?

3. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations, indirect expenses 15% of Gross Profit; Income Tax 40%. Calculate net profit after tax

4. Revenue from Operations less cost of Revenue from Operations is called :

5. Revenue from Operations ₹8,00,000; Gross Profit Ratio 32%; Indirect Exp. 10% of Gross Profit and income tax 40%. What will be the amount of profit after tax?

6. Which one of the following items is not a method/tool of analysis of financial statements?

7. Which objective is not fulfilled by comparative Statement of Profit & Loss :

8. Comparative Balance Sheet:

9. Interest on Loans is

10. Which of the following is not a form of presenting financial analysis :

11. A company’s working capital is ₹10 lakh (Negative balance) in the year 2018. It became ₹15 lakh (Positive balance) in the year 2019. What is the percentage of change?

12. Which analysis depicts the relationship between two figures :

13. Fixed Assets of a company increased from ₹3,00,000 to ₹4,00,000. What the percentage of change?

14. Amount left after deducting gross profit from Revenue from Operations is generally ;

15. Net profit is obtained by deducting from Gross Profit.

16. Which of the following is the objective of comparative Statements?

17. The most commonly used tools for financial analysis are :

18. In comparative statements change in different items is presented in the form of ………………………

19. Which one of the following items is not a tool used for financial analysis?

20. ‘No profit no loss’ point is called :