Class 12 Accountancy Chapter 8 Analysis Of Financial Statements Quiz 6 (5 MCQs)

Quiz Instructions

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1. What is the formula to calculate the operating cash flow on a cash flow statement?

Correct Answer: A) Operating Cash Flow = Total Revenues-Operating Expenses.

2. In 2019, PLAYco had sales of $ 100, 000 and then in 2020, sales increased to $ 150, 000. What is the % increase for PLAYco sales?

Correct Answer: C) 50%.

3. Sales Discounts is a contra account of Sales

Correct Answer: A) True.

4. In a Statement of Changes in Owner's Equity, what would be recorded?

Correct Answer: C) Withdrawals made by the owner.

5. Identify the item which is not a part of shareholders' funds

Correct Answer: A) Share application money pending allotment.