Match List I with List II Choose the correct answer from the options given below:
List - I
List - II
(A) Interest on Advances by partner
(I) Not charged
(B) Income and Expenditure account
(II) Financial position
(C) Balance sheet
(III) Summary of cash book
(D) Revenue Item
(IV) Printing and stationery
A-II, B-I, C-III, D-IV
Matching the items correctly:
A. Interest on Advances by partner → Not charged (I).
B. Income and Expenditure account → Financial position (II).
C. Balance sheet → Summary of cash book (III).
D. Revenue Item → Printing and stationery (IV).
Thus, the correct answer is: A-II, B-I, C-III, D-IV.
Important Questions from Financial Statement Analysis
Arrange the following in the context of Statement of Profit and Loss:
- Other income
- Expenses
- Total Revenue
- Revenue from operation
- Profit before tax and extra-ordinary item
Which of the following item is not a tool of financial statement analysis?
Match List I with List II:
LIST I LIST II A. Horizontal Analysis I. Common size statement B. Vertical Analysis II. Comparative statement C. External Analysis III. Access to all published and unpublished information D. Internal Analysis IV. Access only to published information Choose the correct answer from the options given below:
This tool of Analysis of financial statement indicates the relationship between different items of a financial statement with a common item by expressing each item as a percentage of that common item. Identify this analysis tool.
Match List I with List II:
LIST I LIST II A. Revenue from operation I. Goodwill written off B. Finance Cost II. Sale of Services C. Amortization Expenses III. Profit sale of Investment D. Other Income IV. Interest on Debentures Choose the correct answer from the options given below:
