Question : __________ are the end products of the accounting process, which are prepared in accordance with the generally accepted accounting principles.

Option 1: Financial statements

Option 2: Non-financial statements

Option 3: Computerized accounting

Option 4: Both 1 and 3

Question : Cash Flow statement is based on - 

Option 1: Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Mixed basis of accounting

Option 4: None of these

Question : Cash Flow Statement is based Upon :

Option 1:  Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Accounting equation

Option 4: None of the above

Question : Which of the following statement is correct with respect of Analysis of Financial Statements?

Option 1: Analysis of Financial Statements is a systematic process of analyzing the financial Information in the financial statements to understand and take economic decisions.

Option 2: Analysis of Financial Statements is a study of relationships among various financial values as set out in the financial statements, i.e., Balance Sheet, Statement of Profit and Loss and Cash Flow Statement.

Option 3: Financial Statement Analysis is largely a study of relationships among the various financial factors in a business,

Option 4: All of the above 

Question : Which of the following statement is correct with respect of Analysis of Financial Statements?

Option 1: Analysis of Financial Statements is a systematic process of analyzing the financial Information in the financial statements to understand and take economic decisions.

Option 2: Analysis of Financial Statements is a study of relationships among various financial values as set out in the financial statements, i.e., Balance Sheet, Statement of Profit and Loss and Cash Flow Statement.

Option 3: Financial Statement Analysis is largely a study of relationships among the various financial factors in a business,

Option 4: All of the above