All Courses
Get the App Signup / Login
Sign in Open App
Commerce Exam  >  Commerce Tests  >  Accountancy Class 12  >  Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Commerce MCQ

Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Commerce MCQ


Test Description

4 Questions MCQ Test Accountancy Class 12 - Test: Analysis of Financial Statements- Assertion & Reason Type Questions

Test: Analysis of Financial Statements- Assertion & Reason Type Questions for Commerce 2024 is part of Accountancy Class 12 preparation. The Test: Analysis of Financial Statements- Assertion & Reason Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Analysis of Financial Statements- Assertion & Reason Type Questions MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Analysis of Financial Statements- Assertion & Reason Type Questions below.
Solutions of Test: Analysis of Financial Statements- Assertion & Reason Type Questions questions in English are available as part of our Accountancy Class 12 for Commerce & Test: Analysis of Financial Statements- Assertion & Reason 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- Assertion & Reason Type Questions | 4 questions in 8 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Accountancy Class 12 for Commerce Exam | Download free PDF with solutions
Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 1
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): Comparative Balance Sheet provides information regarding progress of the business firm.

Reason (R): The Comparative Balance Sheet shows increase and decrease in absolute terms as well as in percentage in various assets, liabilities and capital.

Detailed Solution for Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 1
Comparative statements compare financial data of two points of time and help in deriving meaningful conclusions regarding the changes in financial position and operating results.
Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 2
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The analysis of financial statements does not disclose the current worth of the business.

Reason (R): Financial statements are prepared on cost principles.

Detailed Solution for Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 2
As the financial statements are prepared on the cost principle, its analysis does not disclose the current financial position of the company.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 3
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): Financial statements help in drawing out meaningful conclusions.

Reason (R): Financial Statements Analysis presents financial data in a simplified and understandable form.

Detailed Solution for Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 3

  • Financial analysis determines a company's health and stability, providing an understanding of how the company conducts its business. But it is important to know that financial statement analysis has its limitations as well.

  • Financial statement analysis is the process of analyzing a company's financial statements for decision-making purposes. External stakeholders use it to understand the overall health of an organization as well as to evaluate financial performance and business value.

Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 4
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.

Reason (R): Comparative statements compare financial data of two points of time.
Detailed Solution for Test: Analysis of Financial Statements- Assertion & Reason Type Questions - Question 4
Statements showing financial data for two or more years, placed side by side to facilitate comparison are called Comparative Financial Statements.
47 videos|117 docs|56 tests
Join Course
Information about Test: Analysis of Financial Statements- Assertion & Reason Type Questions Page
In this test you can find the Exam questions for Test: Analysis of Financial Statements- Assertion & Reason Type Questions solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Analysis of Financial Statements- Assertion & Reason Type Questions, EduRev gives you an ample number of Online tests for practice

Top Courses for Commerce

47 videos|117 docs|56 tests
Join Course
Download as PDF

Top Courses for Commerce

Important Questions for Analysis of Financial Statements- Assertion & Reason Type Questions

Find all the important questions for Analysis of Financial Statements- Assertion & Reason Type Questions at EduRev.Get fully prepared for Analysis of Financial Statements- Assertion & Reason Type Questions with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Analysis of Financial Statements- Assertion & Reason Type Questions syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Analysis of Financial Statements- Assertion & Reason Type Questions resources.

Analysis of Financial Statements- Assertion & Reason Type Questions MCQs with Answers

Prepare for the Analysis of Financial Statements- Assertion & Reason Type Questions within the Commerce exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Analysis of Financial Statements- Assertion & Reason Type Questions Accountancy Class 12

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Analysis of Financial Statements- Assertion & Reason Type Questions with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up
within 7 days!
Takes less than 10 seconds to signup