In NCERT Class 12 Accountancy Chapter 8, titled "Analysis of Financial Statements", students delve into the techniques and tools for analyzing the financial health of a business. The chapter emphasizes understanding balance sheets, income statements, and key financial ratios. It covers comparative and common-size statements, cash flow analysis, and the significance of various financial indicators.
This article provides a comprehensive resource for exam preparation. It includes sample MCQs and subjective questions for CBSE and CUET, alongside downloadable PDFs of Class 12 Accountancy Chapter 8 MCQs and previous year questions for detailed practice of NCERT Class 12 Analysis of Financial Statements.
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NCERT Class 12 Accountancy Chapters
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CUET Free Master Classes:
Class 12 Accountancy Chapter 8 MCQs
This question bank includes previous years' CUET and CBSE MCQs, along with questions curated by subject experts. Below are 5 sample multiple-choice questions (MCQs) for Class 12 Accountancy Chapter 8: Analysis of Financial Statements. For the full set of 50 questions, download the PDF using the link provided below.
1- The term financial Analysis includes
(a) Analysis only (b) Interpretation only
(c) Both analysis and interpretation (d) Neither analysis nor interpretation
2. Which of the following is a tool of Analysis for Financial Statements:
(i) Cash Flow Statement (ii) Statement of Profit and Loss
(iii) Notes to Accounts (iv) Balance Sheet
Choose the correct option:
(a) (i) (b) (i) and (ii) (c) (ii) (d) (i), (ii) and (iv)
3. Which of the following is a tool of Analysis of Financial Statements?
(a) Statement of Profit & Loss (b) Ratio Analysis
(c) Balance Sheet (d) Notes to Accounts
4. Which of the following is a tool of ‗Analysis of Financial Statements.‘
(a) Cash Flow Statement (b) Statement of Profit and Loss
(c) Balance Sheet (d) Both (a) and (b)
5. Which of the following is not a tool of Financial Statements Analysis?
(a) Balance Sheet (b) Accounting Equation
(c) Statement of Profit and Loss (d) All of the above
Class 12 Accountancy Chapter 8 Subjective Questions Without Solutions
This question bank includes previous years' CBSE subjective questions (2 marks and above) without solutions, along with expert-curated questions. Below are 5 sample subjective questions for Class 12 Accountancy Chapter 8: Analysis of Financial Statements. To access all questions, download the PDF from the link provided below.
- It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between various items of the balance sheet and the statement of profit and loss. Identify the process highlighted in the above statement and state its any two objectives.
(CBSE 2023, 3M)
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- It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between various items of the Balance Sheet and the Statement of Profit and Loss. Identify the process and state two objectives of the process identified.
(CBSE 2022, 3M)
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- It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between various items of the balance sheet and the statement of profit and loss. Identify the process and state any two objectives of the identified process.
(CBSE 2020, 3M)
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- Explain the importance of financial analysis for (i) labour unions, and (ii) creditors.
(CBSE 2019, 4M)
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- Explain briefly the importance of financial analysis for (i) Financial Manager, and (ii) Top Management.
(CBSE 2019, 4M)
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Sub Areas of Chapter 8: Analysis of Financial Statements
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Chapter Name
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Sub Topics
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Analysis of Financial Statements
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8.1 Introduction
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8.2 Types of Financial Statements
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8.3 Comparative Financial Statements
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8.4 Common-Size Financial Statements
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8.5 Ratio Analysis
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8.6 Cash Flow Analysis
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8.7 Limitations of Financial Statement Analysis
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Review of NCERT Class 12 Accountancy Chapter 8
In NCERT Class 12 Accountancy Chapter 8, "Analysis of Financial Statements," students learn the critical skills required to analyze and interpret financial data. This chapter focuses on financial ratios, comparative and common-size statements, and cash flow analysis.
Mastering this chapter helps students evaluate business performance and make informed decisions. By practicing MCQs and subjective questions, students can develop a strong foundation for exams like CBSE, CUET, and other competitive exams.
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