List of top Accountancy Questions on Financial Statements Analysis

From the following Balance sheets of Sunstar Company Limited on 31.03.2024 and 31.03.2025, prepare Comparative Balance sheet :
From the following particulars, calculate :
a) Current Ratio,
b) Debt to Capital Employed Ratio,
c) Trade Receivables Turnover Ratio,
d) Trade Payables Turnover Ratio,
e) Operating Ratio and
f) Net Profit Ratio.
From the following particulars, prepare statement of profit and loss for the year ended 31.03.2025 as per Schedule III of Companies Act, 2013 :
Expand R.O.I.
Name the two types of financial statements.
Loans which are repayable within ________ months, are called as short-term borrowings.
Common Size Statement is also known as ________ analysis.
Match the items in Column A with the correct corresponding items in Column B:
Column A:
a) Valuation of goodwill
b) Debentures
c) Revenue from operations
d) Profitability Ratio
e) Cash flow statement
Column B:
i) Acknowledgement of debt
ii) Earnings per share
iii) Inflows and Outflows of cash
iv) Average profit method
v) Sales
vi) Financial position
State any one user of Financial Statement Analysis.
Following is an extraordinary item :
During the year ended 31st March, 2025, H.P. Ltd. paid an interim dividend of ₹ 50,00,000. From the following, choose the correct option for the purpose of preparing 'Cash Flow Statement':
Which of the following is a financing activity for the purpose of preparing a Cash Flow Statement?
Match List I with List II
Finance cost refers to the cost incurred on borrowing, mainly interest charges — matches with (IV)
Choose the correct answer from the options given below:
Gross Profit Ratio of a company is 25%. Cost of revenue from operations are \(\frac{3}{4}\)th of revenue from operations. If revenue from operations is ₹60,00,000, the Gross Profit of the company will be:
From the following information of AK Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2024.

From the following information, prepare a Common Size Statement of Profit and Loss of Beatnik Ltd. for the year ended 31st March 2024.

Particulars 2023–24 (₹)2022–23 (₹)
Revenue from Operations80,00,00040,00,000
Purchase of Stock in Trade8,00,0004,00,000
Other Expenses80,00040,000

 

Match List-I with List-II.
List-IList-II 
(A) Dissolution by notice(I) Partnership at will
(B) Dissolution by agreement(II) When a partner becomes insane
(C) Dissolution by court(III) With the consent of all partners
(D) Compulsory Dissolution(IV) When the business of the firm becomes illegal
Which of the following situations lead to reconstitution of a partnership firm?
(A) Death of a partner
(B) Retirement of a partner
(C) Admission of a partner
(D) Change in Profit sharing ratio among existing partners
Which Accounting Standard governs the preparation of Cash Flow Statement?
Window dressing is a practice

Which of the following ratios are computed for evaluating solvency of the business?

  1. Proprietary Ratio
  2. Interest Coverage Ratio
  3. Total Asset to Debt Ratio
  4. Fixed Asset Turnover Ratio
Dividend received is
Which one of the following are correct in connection with the Common Size Statement?
(A) Expressed as a percentage on revenue from operation
(B) Horizontal analysis
(C) Vertical analysis
(D) Expressed as a percentage on total assets

Read the following information carefully and answer the next five questions : 

Particulars₹
Revenue from Operations8,75,000
Creditors90,000
Bills Receivable48,000
Bills Payable52,000
Purchases4,20,000
Trade Debtors59,000