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Analysis of Financial Statements- Case Based Type Questions - Free


MCQ Practice Test & Solutions: Test: Analysis of Financial Statements- Case Based Type Questions (12 Questions)

You can prepare effectively for Commerce Online MCQ Tests for Commerce with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Analysis of Financial Statements- Case Based Type Questions". These 12 questions have been designed by the experts with the latest curriculum of Commerce 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 24 minutes
  • - Number of Questions: 12

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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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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
Save

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: 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: 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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About this Commerce Practice Test

This test contains 12 MCQs on Analysis of Financial Statements- Case Based Type Questions with detailed solutions for each question. It is part of the Online MCQ Tests for Commerce course on EduRev, designed to align with the current Commerce syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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