Class 12 Accountancy Chapter 8 Analysis Of Financial Statements Quiz 13 (8 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. More than 2 years data is required for comparative analysis

Correct Answer: B) FALSE.

2. Which of the following business likely has the highest cash conversion cycle?

Correct Answer: D) Modernform.

3. Debit balance to the account of A, who is a customer-In Balance Sheet it will be shown as .....

Correct Answer: A) Sundry Debtors.

4. 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.

5. 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%.

6. Sales Discounts is a contra account of Sales

Correct Answer: A) True.

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

Correct Answer: C) Withdrawals made by the owner.

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

Correct Answer: A) Share application money pending allotment.