Comparative and Common size statement

The most commonly used tools for financial analysis are:

• Comparative Statements

• Common-Size Statement

• Accounting Ratio

• All of the above

Comparative Statements are analytical tool for:

• Horizontal analysis

• Vertical analysis

• Static analysis

• External analysis

Common -Size Statements are analytical tool for:

• Vertical analysis

• Horizontal analysis

• Both (a) and (b)

• Neither (a) nor (b)

Common-Size statements are prepared:

• In form of ratios

• In the form of percentages

• In the form of (a) and (b) both

• None of the above (a) and (b)

Which one of the following items is not a tool used for financial analysis?

• Comparative Statements

• Ratio Analysis

• Common Size Statement

• Statement of Dividend Distribution

Which one of the following items is not a method/tool of analysis of financial statements?

• Trend Analysis

• Statement of Affairs

• Cash Flow Statement

• Comparative Statements

Which of the following is the objective of Comparative statements?

• To make the data simpler and understandable

• To indicate the trend

• To help in forecasting

• All of the above

Which of the following is device of comparative statements?

• Comparison expressed in terms of absolute data

• Comparison expressed in terms of percentages

• Comparison expressed in terms of ratios

• All of the above

Comparative Balance Sheet:

• Provide a summarized view of the operations of the firm

• Presents the financial position of the firm

• Presents the change in various items of Balance Sheet

• None of the above

Comparative Statement of Profit and Loss provides information about:

• Rate of increase or decrease in revenue from operations

• Rate of increase or decrease in cost of revenue from operations

• Rate of increase or decrease in net profit

• All of the above