Which of the following is true about fi cial statements?A) Fi cial statement gives a summary of accounts.B) Fi cial statements can be stated as recorded facts.

Which of the following is true about fi cial statements?A) Fi cial sta

1.	Which of the following is true about fi cial statements?A) Fi cial statement gives a summary of accounts.B) Fi cial statements can be stated as recorded facts.
A.	Only A
B.	Only B
C.	Both A and B
D.	None of the above
Answer» D. None of the above

Discussion

No Comment Found

Related MCQs

Analysis of any fi cial Statement comprises
Which of the following statements are true?A) Common-size balance sheet shows relative value of the various items.B) In the common size income statement, each product is represented as a percentage of the net sales figure.C) Common size income statements represent the various elements as a percentage of the gross profit.
Which of the following statements are true?A) External analysis depends entirely on issued fi cial statements.B) Interpretation and analysis both are different.C) Fi cial analysis covers interpretation.
Which of the following are techniques, tools or methods of analysis and interpretation of fi cial statements?
Which of the following is expenses ratio?A) Administrative expenses ratioB) Selling and Distribution expenses ratioC) Factory expenses ratioD) Fi ce Expenses ratio
Which of the following are sources of funds?A) Issue of bonus shares B) Issue of shares against the purchase of fixed assetsC) Conversion of debentures into sharesD) Conversion of loans into shares
Which of the following are added to net profit after tax and extraordinary items to reach to net profit before tax and extraordinary items?A) Provision for tax made during the yearB) Proposed dividend made during the yearC) Interim dividendD) Transfer to General reserves and other reserves
Which of the following are cash flow from investing activities? A) Interest receivedB) Dividend receivedC) Sale of fixed assetsD) Purchase of fixed assets
Interpretation of accounts is the
The term Fi cial Statement covers

Which of the following is true about fi cial statements?A) Fi cial statement gives a summary of accounts.B) Fi cial statements can be stated as recorded facts.

Discussion

No Comment Found

Related MCQs

Reply to Comment