NCERT Class 12 Accountancy MCQ : Financial Statements of a Company
Embark on a strategic journey through our MCQs page dedicated to ‘Financial Statements of a Company.’ Crafted from the rich tapestry of previous year papers, including renowned sectors such as UPSC IAS and more, this resource serves as a key to unraveling the complexities of corporate financial reporting.
These Multiple Choice Questions are meticulously designed to challenge and enhance your understanding of financial statements’ intricacies, covering topics like balance sheets, income statements, and cash flow statements. Whether you’re a finance enthusiast or preparing for competitive exams, these questions offer a strategic approach to mastering the art of interpreting and analyzing corporate financial data.
Prepare confidently for exams with questions sourced from various sectors, ensuring a well-rounded grasp of financial reporting, analysis, and decision-making. Each MCQ serves as a compass, guiding you through the diverse aspects of ‘Financial Statements of a Company,’ mirroring the depth of knowledge required for success in competitive examinations.
Immerse yourself in the world of corporate finance, confident in your ability to navigate through MCQs that mirror the intricate dynamics of financial reporting. Our resource, drawn from previous year papers, acts as a roadmap for exam success, offering both knowledge enrichment and strategic insights
NCERT Class 12 Accountancy : Financial Statements of a Company MCQ – NCERT Class 12 MCQ
Question:
Which of the following is the element of financial statements?
A
B
C
D
Question:
Which of the following is not required to be prepared under the Companies Act:
A
B
C
D
Question:
Equity ₹ 90,000 Liabilities ₹ 60,000 Profit of the year ₹ 20,000. Then total assets will be
A
B
C
D
Question:
The reserve which is created for a particular (specific) purpose and which is a charge against revenue is called:
A
B
C
D
Question:
An Annual Report is issued by a company to its:
A
B
C
D
Question:
The profit and loss disclosed by the accounts of a company is:
A
B
C
D
Question:
The assets of a business can be classified as :
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B
C
D
Question:
The term financial statements includes
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B
C
D
Question:
Balance Sheet is a :
A
B
C
D
Question:
Financial statements are the product of accounting process.
A
B
C
D
Question:
Financial statements
A
B
C
D
Question:
Statement of Profit & Loss is also called…
A
B
C
D
Question:
Preliminary expenses are shown in the Balance Sheet under the head:
A
B
C
D
Question:
Debit Balance of Profit & Loss Statement will be shown on:
A
B
C
D
Question:
Patents and copyrights fall under the category of
A
B
C
D
Question:
Goodwill falls under which category of assets
A
B
C
D
Question:
Contingent Liabilities are exhibited under the heading:
A
B
C
D
Question:
Provision for Provident Funds is shown in the Balance Sheet of a company under the head :
A
B
C
D
Question:
Preliminary Expenses are shown in the Balance Sheet under which head ?
