Financial Statement Analysis Online Test

Commission outstanding is of funds.

Any gain on the sale of non–current assets should be from the net profit for determining.

The statistical yardstick that provides a measure of the relationship

1. None

2. A operating current ratio

3. The accounting ratio

4. Input-output ratio

Difference between C.A. & C.L is known as .

Ratio of net profit before interest & fax to sales in a:-

1. Operating profit ratio

2. Can’t say

3. Solvency ratio

4. Capital gearing

Tax paid is _______

1. No flow of funds

2. Application of funds

3. Source of funds

P & L A/C is also called as the

When the volume of production is nil, the loss will be equal to .

Sales Rs. 20,000, V.C. Rs.12,000 & F.C Rs.4,000, P/V ratio is.

1.40%

2.30%

3.80%

Sale of investments indicate

1. Source of fund

2. Application of fund

3. Change in C.A.

Cash from operations is equal to

1. Net profit plus the increase in stock

2. Net profit plus the increase in outstanding expenses

3. Net profit plus the increase in debtors.

Increase in an asset due to purchase is

1. Source of funds

2. User of funds

3. None

In the case of Ltd. Co. the term financial statement includes:-

1. P & L A/C & B/S

2. B/S

3. P & L A/C P & L appropriation A/C & B/S.

4. None

Fund flow refers to changes in capital.

Depreciation is sometimes treated as funds.

In marginal costing, the stock is valued at .

At B.E.P. total cast is equal to .

Net profit earned plus non – W.C. expenses is equal to

1. Use of funds

2. Sinking fun d

3. Funk provided by operations

In absorption costing cost is added to the investment.

The turnover ratio helps management in:-

1. Evaluating performance

2. Managing a debit

3. Managing resources

The term fixed assets include:-

1. Stock in trade

2. None

3. Furniture

4. Payments in advance.

The term current assets do not include:-

1. None

2. Payments in advance

3. Long-term deferred charges.

4. Bills receivable

Building sold on credit is of funds.

Increase in the number of debtors results in

1. Increase in cash

2. No change in cash

3. Decrease in cash

In marginal costing, fixed costs are charged to .

The following is a recorded fact:-

1. Replacement cost of M/C

2. None

3. Mkt. Val ue of investment

4. Debtors

Long term solvency is indicated by

1. Current ratio

2. Debit / easily ratio

3. Net profit ratio

Sales Rs. 20,000, V.C. Rs.12,000 & F.C Rs.4,000, the break-even sales

1.12,000

2.1,500

3.10,000

An increase in the share premium A/C is

1. An application of fund

2. No flow of fund

3. A source of fund

Stock at the end results in the

1. No flow fund

2. Source of fund

3. Application of fund

The three most useful general purpose financial statements for management are:-

1. Stat. of R.E, B/S & fund flow statement

2. P & L A/C, B/S & statement of changes in financial position.

3. P & L A/C, fund flow statement, stat of R.E

4. P & L A/C, B/S & statement of retained earnings .

Contribution minus cost in profit.

The two statements which are generally included in the definition of financial Statements are

Goods purchased on credit inflow of fund.

Income statement ( P & L A/C ) the revenues and costs incurred in the process of earning revenues.

At I.E.P is equal to F.C.

The BEP is when the selling price increases.

Sales Variable cost = F.C +

In cost accounting marginal cost does near include

Observing changes in the financial variable across the years in:-

1. Horizontal analysis.

2. Vertical analysis.

3. None

4. Inter-firm comparison.

The balance sheet is a statement of of a business at a specific movement of time.

Increase in the number of bills payable results in

1. Increase in cash

2. Decrease in cash

3. No change in cash

Assets & liabilities in a balance sheet (B/S) may be arranged either according to order or order.

Debt equity ratio is a:-

1. Solvency ratio

2. Liquidity ratio

3. Profitability ratio

4. None

The selling price per unit is Rs.20, V.C Rs.12 per unit and the fixed cost is Rs.16,000 the break-even production unit:-

1.2,000

2.800

3.3,000

Rearrangement of figures is necessary for & .

Financial statements disclose only facts.

A higher P/W ratio indicates profitability.

In marginal cost, V.E are charged to & F.C is charged to

The ratio of ‘net sales’ to’ net W.C’ is a:-

1. Profitability ratio

2. Can’t say

3. W.C. turnover ratio

4. Liquidity ratio

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Financial Statement Analysis Online Test

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