Question : This statement shows the absolute and relative changes in the final position for both current & previous year. Name it ——–.

Option 1: Comparative statement

Option 2: Balance sheet

Option 3: Cash flow statement

Option 4: Common size statement

Question : Which of the following statements is correct?

Option 1: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Non-current Assets.

Option 2: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Current Assets.

Option 3: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Total Assets.

Option 4: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Non-current liabilities.

Question : Select the correct statement:

Option 1: Comparative Statements show the changes in Percentages.

Option 2: Comparative Statements show the changes in Absolute amounts.

Option 3: Comparative Statements show the changes in Ratio.

Option 4: Both 1 and 2

Question :

Which of the following statements states the difference between a cash flow statement and a cash budget?

Option 1:

The cash flow statement shows the movement of cash whereas the cash budget shows no cash movement

Option 2:

The cash flow statement is a part of the cash budget

Option 3:

Both 1 & 2

Option 4:

The cash flow statement shows the cash movement of the historical period whereas the cash budget shows the cash movement of the future period

Question : Tools or Techniques of Financial Statement Analysis are

Option 1: Comparative Statements

Option 2: Common-size Statements

Option 3: Ratio and Cash flow statement

Option 4: All of the above

Question : Tools or Techniques of Financial Statement Analysis are

Option 1: Comparative Statements

Option 2: Common-size Statements

Option 3: Ratio and Cash flow statement

Option 4: All of the above