Which of the following item is not a tool of financial statement analysis? Option 1: Trend Analysis Option 2: Statement of Profit and Loss Option 3: Cash flow statement Option 4: Comparative statements

The answer is 'Statement of Profit and Loss'. View full solution:

CUET Accountancy - Which of the following item is not a tool of financial statement analysis? | PYQs + Solutions

CUET Accountancy 2023 20 June Shift 2

Financial Statements

Easy

Trend Analysis

Statement of Profit and Loss

Cash flow statement

Comparative statements

✅ Correct Option: 2

Related questions:

29 May Shift 2

Match List-I with List-II

List-I	List-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:

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:

16 July Shift 2

Operating Expenses include

A. Rent paid

B. Interest paid on loan

C. Selling and Distribution Expenses

D. Commission Received

E. Salaries Paid

Choose the correct answer from the options given below: