MCQ Questions Class 12 Accountancy Chapter 12 Comparative Statements with Answers

Free PDF Download of CBSE Class 12 Accountancy Chapter 12 Comparative Statements Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 12 Accountancy Chapter 12 Comparative Statements Multiple Choice Questions with Answers to know their preparation level.

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Comparative Statements Class 12 MCQs Questions with Answers

Class 12 Accountancy Chapter 12 Comparative Statements MCQ Questions with Answers

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

 
 
 
 

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

 
 
 
 

3. Comparative Balance Sheet:

 
 
 
 

4. What is gross profit + materials consumed?

 
 
 
 

5. 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?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

8. 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?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

13. Which analysis depicts the relationship between two figures :

 
 
 
 

14. 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

 
 
 
 

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

 
 
 
 

16. 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?

 
 
 
 

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

 
 
 
 

18. Interest on Loans is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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