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Test: Analysis of Financial Statements- Case Based Type Questions


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12 Questions MCQ Test Accountancy Class 12 | Test: Analysis of Financial Statements- Case Based Type Questions

Test: Analysis of Financial Statements- Case Based Type Questions for Commerce 2023 is part of Accountancy Class 12 preparation. The Test: Analysis of Financial Statements- Case Based Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Analysis of Financial Statements- Case Based Type Questions MCQs are made for Commerce 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Analysis of Financial Statements- Case Based Type Questions below.
Solutions of Test: Analysis of Financial Statements- Case Based Type Questions questions in English are available as part of our Accountancy Class 12 for Commerce & Test: Analysis of Financial Statements- Case Based Type Questions solutions in Hindi for Accountancy Class 12 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Analysis of Financial Statements- Case Based Type Questions | 12 questions in 24 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Accountancy Class 12 for Commerce Exam | Download free PDF with solutions
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Test: Analysis of Financial Statements- Case Based Type Questions - Question 1
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Read the following information and answer the given questions:

The following data is available from Pitambar Ltd.

Q. What is the Net Profit after Tax in March 2020?

Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 1 Net Profit before Tax = ₹4,00,000 + ₹2,00,000 - ₹2,40,000 - ₹24,000 = ₹3,36,000

Tax = ₹3,36,000 x 30 / 100 = ₹1,00,800

Net Profit after Tax = ₹3,36,000 - ₹1,00,800 = ₹2,35,200

Test: Analysis of Financial Statements- Case Based Type Questions - Question 2
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Read the following information and answer the given questions:

The following data is available from Pitambar Ltd.

Q. What is the percentage of the Total Revenue from Revenue from operations in 2019?

Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 2 Revenue from operations = 200% of ₹1,50,000 = ₹3 ,00,000

Total Revenue = ₹3,00,000 + ₹1,50,000 = ₹4 ,50,000

Required Percentage = 4,50,000 / 3,00,000 × 100 = 150%

Test: Analysis of Financial Statements- Case Based Type Questions - Question 3
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The following data is available from Pitambar Ltd.

Q. What is the revenue from operations on 31st March, 2020?

Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 3 200% of ₹2,00,000 = ₹4,00,000
Test: Analysis of Financial Statements- Case Based Type Questions - Question 4
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Read the following information and answer the given questions:

The following data is available from Pitambar Ltd.

Q. What is the value of the tax paid by the firm in 2019?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 4 Tax Paid = (₹3,00,000 + ₹1,50,000 - ₹1,50,000 - ₹30,000) × 30 / 100

= ₹2,70,000 × 30 / 100

= ₹81,000

Test: Analysis of Financial Statements- Case Based Type Questions - Question 5
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Following information are taken from the books of Agarwal Pvt Ltd.:

Q. What is the percentage change in the tax paid?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 5 Net Profit before Tax for 2020 = ₹12,60,000

2019 = ₹12,00,000

Tax paid for 2020 = ₹6,30,000

2019 = ₹6 ,00,000

Percentage Change = ₹30,000 / ₹6 ,00,000 x 100 = 5%

Test: Analysis of Financial Statements- Case Based Type Questions - Question 6
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Read the following information and answer the given questions:

Following information are taken from the books of Agarwal Pvt Ltd.:

Q. What is the percentage change in the profit earned after tax?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 6 Net Profit after Tax for 2020 = ₹6,30,000

2019 = ₹6,00,000

Percentage Change = ₹30,000 / ₹6 ,00,000 x 100 = 5%

Test: Analysis of Financial Statements- Case Based Type Questions - Question 7
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Read the following information and answer the given questions:

Following information are taken from the books of Agarwal Pvt Ltd.:

Q. What is the value of absolute change in the Total Revenue?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 7 Total Revenue = Revenue from operations + Other Income

For 2019 = ₹24,00,000

For 2020 = ₹33,60,000

Absolute Change = ₹24,00,000 - ₹33,60,000 = ₹9,60,000

Test: Analysis of Financial Statements- Case Based Type Questions - Question 8
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Following information are taken from the books of Agarwal Pvt Ltd.:

Q. The absolute change in the Expenses is:
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 8 ₹21,00,000 - ₹12,00,000 = ₹9,00,000
Test: Analysis of Financial Statements- Case Based Type Questions - Question 9
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Following is the data given of Lalit Ltd.

Q. What is the percentage change in the Total Expenses?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 9 1,50,000 / 5,50,000 = 27.27%
Test: Analysis of Financial Statements- Case Based Type Questions - Question 10
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Read the following information and answer the given questions:

Following is the data given of Lalit Ltd.

Q. What is the percentage change in the Total Revenue earned?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 10 3,00,000 + 10,000 / 12,00,000+20,000 x 100 = 24.81%
Test: Analysis of Financial Statements- Case Based Type Questions - Question 11
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Read the following information and answer the given questions:

Following is the data given of Lalit Ltd.

Q. What is the percentage change in the Revenue from operations?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 11 3,00,000 / 12,00,000 x 100 = 25%
Test: Analysis of Financial Statements- Case Based Type Questions - Question 12
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Read the following information and answer the given questions:

Following is the data given of Lalit Ltd.

Q. What is the change in the profit before tax?
Detailed Solution for Test: Analysis of Financial Statements- Case Based Type Questions - Question 12 Total Revenue in 2013 = ₹12,00,000 + ₹20,000 = ₹12,20,000

Total Expenses = ₹5 ,50,000

Profit = ₹1 2,20,000 - ₹5,50,000 = ₹6,70,000

In 2014, Total Revenue = ₹15,00,000 + ₹30,000 = ₹15,30,000

Total Expenses = ₹7,00,000

Profit = ₹1 5,30,000 - ₹7,00,000 = ₹8,30,000

Change in profit = ₹8,30,000 - ₹6,70,000 = ₹1,60,000

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