Question : Which of the following is correct for the objectives of Ratio Analysis:
A:To simplify the accounting information
B: To assess the operating efficiency of the business.
C:To help in comparative analysis
D:To analyze the profitability of the business.

Option 1: A, B and C 

Option 2: B, C, and D 

Option 3: A, C and D

Option 4: All of the above

Question : Which of the following is not a tool of Analysis of Financial Statements?

Option 1: Ratio Analysis

Option 2: Common-size Statement

Option 3: Comparative Statement

Option 4: Statement of Profit & Loss

Question : What are the important objectives of preparing realisation account - 

(A) To close all the books of account.

(B) To record transactions relating to the sale of assets and discharge of liabilities.

(C) To determine profit or loss due to the realisation of assets and liabilities.

Option 1: (A) & (B)

Option 2: (B) & (C)

Option 3: (A) & (C)

Option 4: (A), (B) & (C)

Question : The practice of presenting the government budget in two parts, revenue and capital, is known as ____________.

Option 1: Dual budgeting  

Option 2: Zero-based budgeting 

Option 3: Performance budgeting

Option 4: Gender-responsive budgeting

Question : The objectives of Ratio Analysis are 

Option 1: To locate the weak spots of business which need more attention.

Option 2: To provide a deeper analysis of the liquidity, solvency, activity and profitability of the business.

Option 3: To provide information for making a cross-sectional analysis, i.e., for making a comparison with that of some selected firms in the same industry.

Option 4: All of the above