CUET Accountancy - 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: | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 1

Financial Statements

Easy

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

(A), (C) and (D) only

✅ Correct Option: 4

Related questions:

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

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

Choose the correct answer from the options given below:

14 May Shift 2

Profit before interest and tax-

13 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Comparative Statements	(I) 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.
(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) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm.
(D) Ratio Analysis	(IV) These are the 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.

Choose the correct answer from the options given below:

CUET Accountancy 2025 14 May Shift 1 PYQs