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Test: Analysis of Financial Statements- Case Based Type Questions - Commerce MCQ


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12 Questions MCQ Test Accountancy Practice Tests: CUET Preparation - Test: Analysis of Financial Statements- Case Based Type Questions

Test: Analysis of Financial Statements- Case Based Type Questions for Commerce 2024 is part of Accountancy Practice Tests: CUET Preparation 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 2024 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 Practice Tests: CUET Preparation for Commerce & Test: Analysis of Financial Statements- Case Based Type Questions solutions in Hindi for Accountancy Practice Tests: CUET Preparation 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 Practice Tests: CUET Preparation for Commerce Exam | Download free PDF with solutions
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%

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Test: Analysis of Financial Statements- Case Based Type Questions - Question 3
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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 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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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 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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Read the following information and answer the given questions:

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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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 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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