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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. Which of the following is untrue :
2. 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?
3. 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?
4. 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?
5. 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?
6. Main objective of Common Size statement is :
7. Main objective of Common Size statement is :
8. 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?
9. The objective of common size Statement of Profit & Loss is not to
10. Main objective of Common Size Statment of Profit & Loss is :
11. Common Size Statements are prepared
12. In a common size Balance Sheet, total liabilities are assumed to be equal to
13. Common Size Statements are prepared
14. In the Balance Sheet of a Common Size Statement:
15. 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?
16. The objective of common size Statement of Profit & Loss is not to

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