AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2022 PYQs15 July Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 15 July Shift 2

Analysis

past year questions, Financial Statements, CUET Accountancy 2022 15 July Shift 2

Easy

Common Size Statement are also known as:

Solution

✅ Correct Option: 1

In a common size statement, each item is expressed as a percentage of a common base (revenue from operations for the income statement, total of equity and liabilities for the balance sheet). Because every item is shown as a component percentage of the base, such statements are also called component percentage statements. This is a form of vertical analysis.

Related questions:

2025: 16 May Shift 1

Which one of the following is not a tool for analyzing financial statements?

2025: 27 May Shift 1

Which of the following is not true about Comparative Statements-

2025: 15 May Shift 1

The common size statements are useful, both, in intra-firm comparisons over different years and also in making inter-firm comparisons for several years. This analysis is also known as

2022: 30 Aug Shift 2

Common size analysis is also known as

2025: 29 May Shift 2

Match List-I with List-II

List-IList-II
(Book/Theory proposed/Characteristic, etc.)(Author/Thinker/Name of Theory, etc.)
(A) comparative statement(I) study the operational results over the series of years.
(B) common size statement.(II) express the relationship between various items of financial statement.
(C) trend analysis.(III) study the relationship between two or more years.
(D) ratio analysis.(IV) express each item as a percentage of the common base or item.

Choose the correct answer from the options given below:

2025: 13 May Shift 2

Choose a pair of correct statements

(A) The only purpose of financial reporting is to keep the managers informed about the progress of operations.

(B) Analysis of data provided in the financial statements is termed as financial analysis.

(C) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount.

(D) The ratio reflects quantitative and qualitative aspects of the results.

Choose the correct answer from the options given below:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)