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CUET Accountancy 2022 PYQs8 Aug Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 8 Aug Shift 2

Analysis

past year questions, Financial Statements, CUET Accountancy 2022 8 Aug Shift 2

Easy

Comparative statements are the form of:

Solution

✅ Correct Option: 1

Comparative statements present financial data of two or more periods side by side to show absolute and percentage changes over time. Since they involve comparison across time periods, they are a form of horizontal analysis. Common size statements, by contrast, are a form of vertical analysis.

Related questions:

2022: 30 Aug Shift 2

Common size analysis is also known as

2025: 15 May Shift 2

Percentage change in cash and cash equivalents

2025: 14 May Shift 2

Which of the following combination of statements are NOT true-

(A) Financial analysis is used only by the creditors.

(B) Comparative statements are the form of vertical analysis

(C) The financial statements of a business enterprise include cash flow statement.

(D) Ratio analysis establishes relationship between two financial statements.

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:

2025: 14 May Shift 1

Match List-I with List-II

List-IList-II
(A) Comparative Statements(I) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm.
(B) Common Size Statements(II) It is a technique of studying the operational results and financial position over a series of years.
(C) Trend Analysis(III) These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item.
(D) Ratio Analysis(IV) These are the statements showing the profitability and financial position of a firm for different periods of time.

Choose the correct answer from the options given below:

2026: 21 May Shift 2

From the following information, ascertain the percentage change in profit after tax

Particulars2024-252025-26
Profit before tax7,50,00015,60,000
Income Tax30%40%

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