Home > Class 12 Accountancy > Quizzes > MCQs for Comparative Statements
MCQs for Comparative Statements
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 23% • Most missed: “Which one of the following items is not a tool used for financial analysis?”
MCQs for Comparative Statements
Time left 00:00
25 Questions

1. Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations; Operating expenses ₹30,000 and rate of income tax is 40%. What will be amount of profit after tax?
2. Which analysis depicts the relationship between two figures :
3. Interest on Loans is
4. Which one of the following items is not a tool used for financial analysis?
5. Revenue from Operations less cost of Revenue from Operations is called :
6. The most commonly used tools for financial analysis are :
7. A company’s Revenue from Operations are ₹20,00,000; Cost of Revenue from Operations is ₹14,00,000 and indirect expenses are ₹2,00,000. What is the amount of Gross Profit?
8. Revenue from Operations ₹8,00,000; Gross Profit Ratio 32%; Indirect Exp. 10% of Gross Profit and income tax 40%. What will be the amount of profit after tax?
9. Which of the following is not a form of presenting financial analysis :
10. Comparative Statement of Profit & Loss provides information about:
11. Net profit is obtained by deducting from Gross Profit.
12. Payment of Income Tax is considered as
13. In comparative statements change in different items is presented in the form of ..................
14. A Company’s current liabilities decreased from ₹4,00,000 to ₹3,00,000. What is the percentage of change?
15. Which objective is not fulfilled by comparative financial statement:
16. .Revenue from Operations ₹4,00,000; Cost of Revenue from Operations 60% of Revenue from Operations, indirect expenses 15% of Gross Profit; Income Tax 40%. Calculate net profit after tax
17. Which of the following is device of comparative statements?
18. What is gross profit + materials consumed?
19. Comparative Balance Sheet:
20. Which one of the following items is not a method/tool of analysis of financial statements?
21. Which one of the following items is not a method/tool of analysis of financial statements?
22. Which one of the following items is not a method/tool of analysis of financial statements?
23. This item is not used as a tool for Analysis of Financial Statements :
24. A company’s working capital is ₹10 lakh (Negative balance) in the year 2018. It became ₹15 lakh (Positive balance) in the year 2019. What is the percentage of change?
25. Which of the following is the objective of comparative Statements?

⚡ Recently practiced quizzes in this topic
Live quiz activity
MCQs for Accounting for Partnership Firms MCQs for Common Size Statements Accounting For Partnership Firms Goodwill (MCQs) MCQs for Financial Statements of Not-for-Profit Organisations (N.P.O.) MCQs for Issue of Shares Accounting For Partnership Firms (MCQs) MCQs for Dissolution of a Partnership MCQs for Cash Flow Statement MCQs for Change in Profit Sharing Ratio among the Existing Partners MCQs for Admission of a Partner
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.