CUET Accountancy - 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: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 2

Financial Statements

Medium

(B) and (D) only

(B) and (C) only

(A) and (D) only

✅ Correct Option: 2

Related questions:

26 May Shift 2

Which of the following is not a constituents of the credit policy of a business firm?

15 May Shift 1

From the following details, calculate net profit before tax:

Net Profit after tax is Rs. 50,000;

15% Long-term debt 12,00,000;

Tax rate 20%.

14 May Shift 1

Match List-I with List-II

List-I	List-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:

CUET Accountancy 2025 13 May Shift 2 PYQs