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Types of Financial Statement Analysis Quiz

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Questions and Answers

What type of analysis is carried out by outsiders such as creditors and government agencies?

Horizontal Analysis
External Analysis (correct)
Vertical Analysis
Internal Analysis

Which analysis is meant for management?

External Analysis
Horizontal Analysis
Vertical Analysis
Internal Analysis (correct)

What type of analysis is also known as time series analysis?

Horizontal (or dynamic) Analysis (correct)
Vertical (or Static) Analysis
External Analysis
Internal Analysis

Which comparison involves analyzing the performance of a business over a number of years?

Intra-firm Comparison (C) Signup and view all the answers

What does Inter-firm Comparison involve?

Comparing financial variables of two or more enterprises to determine their competitive position (C) Signup and view all the answers

What are the methods for calculation of goodwill in accounting for partnership firms?

The methods for calculation of goodwill in accounting for partnership firms are average profits, super profits, and capitalization. Signup and view all the answers

How should discount or loss on issue of debentures be written off in accounting for companies?

Discount or loss on issue of debentures should be written off in the year debentures are allotted from Security Premium Reserve (if it exists) and then from Statement of Profit and Loss as Financial Cost (AS 16). Signup and view all the answers

What is the unit of analysis in the topic of Financial Statement Analysis?

The unit of analysis in the topic of Financial Statement Analysis is the financial statements of a Company. Signup and view all the answers

What are the components covered under Part A of the CBSE Class 12th Accountancy Detailed Syllabus 2023-24?

Part A of the CBSE Class 12th Accountancy Detailed Syllabus 2023-24 covers Accounting for Partnership Firms and Companies. Signup and view all the answers

Where can students find and download the CBSE Class 12 Accountancy Syllabus PDF?

Students can find and download the CBSE Class 12 Accountancy Syllabus PDF from the website of the board or from the link provided at the end of the related article. Signup and view all the answers

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