Tools of financial statements - class-XII
Description: tools of financial statements | |
Number of Questions: 32 | |
Created by: Shankara Prabhu | |
Tags: elements of accounts financial statement analysis accountancy financial statements of a company introduction of financial statement of company company final accounts |
User of Financial Statements are ____________.
Financial statements contain only_____information.
Financial statements does not provide _____information.
Credit granting institutions take decisions based on the________ performance of the undertakings.
Profit and loss account discloses the profit/loss for a ___________period.
Financial statements show ____information but not __information.
Balance sheet does not disclose information relating to ___________.
Financial statements provide information to _________ in taking important decision related to the value of investment.
Pooling of interest method is applicable for amalgamation in the nature of _____.
Financial statements, provide the necessary information about the performance of the ____________.
The gaps between the management performance and ownership expectations are understood through _________.
Importance of financial statements are _________.
Following are limitations of financial information ________________.
From the following __________ limitations of financial statements.
Financial statements help the investors to assess __________solvency.
The financial statements enable the stock brokers to take decisions about the ______________.
Two primary qualitative characteristics of financial statements are _________.
Which of the following is a limitation of financial statements?
Financial statements can be used by ___________.
Financial statements are prepared on the basis of _________ cost.
Financial statements are the outcome of recorded facts, accounting concepts and conventions used and personal judgement made in different situations by the _________.
As financial statements do not show aggregate information, it may not help the ________ in decision-making much.
Since the purchasing power of money is changing, the value of assets and liabilities shown in financial statement does not reflect ________ market situation.
Which of the following is not an use and importance of financial statements?
The financial statements enable the ___________ to judge the financial position of different concerns and take decisions about the prices to be quoted.
____________ may develop standard ratios and design uniform system of accounts.
Trade associations may analyse the financial statements for the purpose of providing service and protection to the _________.
Financial statements contain only _________ information but not ___________ information.
___________ of the companies are interested in knowing the status, safety and return on their investment.
The investors include both ________ and _________ investors under basis for prospective investors.
An equipment was purchased on 1st January, 2012 for Rs. 25,000 and is to be depreciated at 30% based on reducing balance method. If the company closes its books of account on 31st March every year, what would be the net book value-of the equipment as at 31 * December, 2013 ______________.
A person who is indebted to the company for which amount cannot be appointed to set as an auditor of a company?