AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2023 PYQs28 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2023 28 May Shift 1

Analysis

past year questions, Financial Statements, CUET Accountancy 2023 28 May Shift 1

Easy

Common Size Statements are also known as :

Solution

✅ Correct Option: 3

In Common Size Statements, each line item is expressed as a percentage of a common base (Revenue for P&L, Total Assets for Balance Sheet) within a single period. This within-period comparison is called Vertical Analysis.

Related questions:

2022: 20 Aug Shift 2

Comparative Statements are also known as:

2022: 8 Aug Shift 2

The comparative financial statements show:

2025: 16 May Shift 1

Match List-I with List-II

List-IList-II
(A) 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(I) Trend Analysis
(B) Technique of studying the operational results and financial position over a series of years.(II) Comparative Statements
(C) Statements showing the profitability and financial position of a firm for different periods of time in a comparative form to give an idea about the position of two or more periods(III) Ratio Analysis
(D) Describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm(IV) Common-Size 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

Which of the following is True about analysis of financial statements-

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

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

(C) Comparative statements are the form of horizontal analysis.

(D) Financial analysis helps an analyst to arrive at a decision.

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%

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)