Financial Statements

Nature/Structure

Easy

Financial Statements of a company does not include

Balance Sheet

Statement of Profit and Loss

Cash flow statement

Ratio Analysis

✅ Correct Option: 4

As per the Companies Act, the financial statements of a company include the Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and notes. Ratio Analysis is a tool of financial analysis used to interpret these statements but is not itself part of the financial statements.

2023: 29 May Shift 2

Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.

2023: 20 June Shift 2

Arrange the following in the context of Statement of Profit and Loss.

A. Other income

B. Expenses

C. Total Revenue

D. Revenue from operation

E. Profit before tax and extra-ordinary item

Choose the correct answer from the options given below:

2023: 20 June Shift 2

Match List I with List II

LIST I	LIST II
A. Capital Reserve	I. Current Assets
B. Inventories	II. Non-Current Liabilities
C. 8% Debentures	III. Current Liabilities
D. Provision for tax	IV. Reserve and Surplus

Choose the correct answer from the options given below:

2026: 23 May Shift 2

Arrange the following current assets in the correct sequence to be shown in the Balance Sheet as per Revised Schedule III to the Companies Act, 2013.

A. Inventories

B. Cash and Cash equivalents

C. Current Investments

D. Trade receivables

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -

2023: 20 June Shift 2

Loss on sale of furniture is

Financial Statements of a company does not include

Solution

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