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MCQs for Common Size Statements
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Avg score: 16% • Most missed: “Main objective of Common Size Balance Sheet is :”
MCQs for Common Size Statements
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16 Questions

1. In a common size Statement of Profit & Loss, the amount of net revenue from operations is assumed to be equal to
2. Which of the following is untrue :
3. In the Balance Sheet of a Common Size Statement:
4. If net revenue from operations of a firm are ₹15,00,000; Gross Profit is ₹9,00,000 and operating expenses are ₹75,000, what will be percentage of operating income on net revenue from operations?
5. Total assets of a firm are ₹20,00,000 and its fixed assets are ₹8,00,000. What will be the percentage of fixed assets on total assets?
6. Main objective of Trend Analysis is
7. Common Size Statements are prepared
8. Main objective of Common Size statement is :
9. If total assets of a firm are ₹8,20,000 and its fixed assets are ₹5,90,400, what will be the percentage of current assets on total assets?
10. What will be the trend percentage, if the Inventory of a firm is ?2,00,000; ?2,40,000; ?3,00,000 and ?4,00,000 respectively?
11. If net revenue from operations of a firm are ₹1,20,000; cost of revenue from operations is ₹66,000 and operating expenses are ₹21,600, what will be the percentage of operating income on net revenue from operations?
12. The objective of common size Statement of Profit & Loss is not to
13. Main objective of Common Size Statment of Profit & Loss is :
14. In a common size Balance Sheet, total liabilities are assumed to be equal to
15. Main objective of Common Size Balance Sheet is :
16. In the Statement of Profit & Loss of a Common Size Statement :

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