Page 1 - HA FSA

CLASS – XII

ACCOUNTANCY

Home assignment - Financial Statement Analysis

01. Which analysis is considered as dynamic?
a) Horizontal Analysis
b) Vertical Analysis
c) Internal Analysis

d) External Analysis

02. Which of the following is not the limitation of financial
statements?
a) Window dressing
b) Subjectivity
c) Intrafirm comparison
d) Only quantitative Analysis

03. The second term for Horizontal Analysis is

a) Dynamic Analysis
b) Inter-firm Analysis
c) Time-series Analysis
d) All of the above

04. Vertical analysis is also known as

a) Static analysis
b) Structural analysis
c) Cross-sectional analysis

d) All of the above

05. Feature of financial analysis is to present the data contained
in financial statements in
(A) Easy form
(B) Convenient and rational groups
(C) Comparable form
(D) All of the Above
06. Main objective of analysis of financial statements is
(A) To know the financial strength
(B) To make a comparative study with other firms