# CBSE Class 12 Accountancy Analysis Of Financial Statements Worksheet

Read and download free pdf of CBSE Class 12 Accountancy Analysis Of Financial Statements Worksheet. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests

## Analysis Of Financial Statements Class 12 Accountancy Worksheet Pdf

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Analysis Of Financial Statements in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks

### Class 12 Accountancy Worksheet for Analysis Of Financial Statements

Important Questions for NCERT Class 11 Accountancy Financial Statements

Question :  Choose the Current Assets from the following :
(a) Cash
(b) Stock
(c) Debtors
(d) All of these

Question :  Following information is given in Trial Balance
Provision for Bad Debts Rs. 3,500
Debtors Rs.40,000
It is desired to make a provision for doubtful debts @ of 10% on debtors. The amount debited to P&L A/c is
(a) Rs.4,000
(b) Rs.5,000
(c) Rs.6,500
(d) Rs.3,500

Question :  Net Profit before the following adjustments Rs. 1,80,000
Outstanding salary Rs. 10,000
Prepaid Insurance Rs. 13,000
(a) Rs. 1,83,000
(b) Rs.1,77,000
(c) Rs.2,03,000
(d) Rs. 1,87,000

Question : Schedule of balances prepared from ledger accounts is known as :
(a) Balance Sheet
(b) Trial Balance
(c) Statement of Accounts
(d) Statement of Affairs

Question :  Closing Stock appearing in the Trial Balance is shown :
(a) On the Dr. side of Trading A/c
(b) On the Cr. side of Trading A/c
(c) On the Assets side of Balance Sheet
(d) On the Cr. side of Trading A/c and on the Assets side of Balance Sheet

Question :   Adjustments given are recorded once in Trading and Profit and Loss Account and again in Balance Sheet. It is so because of
(a) Matching Principle.
(b) Dual Aspect Principle.
(c) Accrual Concept.
(d) Materiality Principle.

Question :   Indirect Expenses are transferred to
(b) Profit and Loss Account.
(c) Balance Sheet.
(d) Trading Account and Balance Sheet.

Question :  Computers purchased for re-sale is:
(a) Capital expenditure.
(b) Revenue Expenditure.
(c) Deferred Revenue Expenditure.
(d) None of these.

Question :    Wages and Salaries Account is shown in
(6) Profit and Loss Account.
(c) Balance Sheet.
(d) Trading Account and Balance Sheet.

Question :  . If sales are Rs.2,000 and the rate of gross profit on cost of goods sold is 25%, then the cost of goods sold will be :
(a) Rs. 1,600
(b) Rs. 1,500
(c) Rs. 1,700
(d) Rs. 1,800

Question :   Which of the following is not shown in Balance Sheet?
(a) Opening Stock
(b) Closing Stock
(c) Patents
(d) Debtors

Question :  What is the effect of overvaluing Closing Stock on the Current Year’s Profit?
(a) Decreases the gross profit and net profit.
(b) Increases the gross profit but decreases the net profit.
(c) Decreases the gross profit and increases net profit.
(d) Increases the gross profit and net profit

Question : Calculate the gross profit if rate of gross profit is 25% on sales and cost of goods sold are Rs. 1,80,000
(a) Rs.60,000
(b) Rs.36,000
(c) Rs.45,000
(d) Rs.30,000

Question :  Provision for Doubtful Debts is made on the debts that are
(а) Doubtful of recovery.
(b) Not doubtful of recovery.
(c) Total Debtors.
(d) Total Debtors less Provision for Doubtful Debts.

Question :  Balance Sheet is a
(a) a list of all the accounts in the books of a business.
(c) an account showing the financial position of a business as on a certain date.
(d) a list of assets, liabilities and capital of a business at a certain date.

## Tags:

Click for more Accountancy Study Material
 CBSE Class 12 Accountancy Fundamentals Of Partnership Worksheet CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet CBSE Class 12 Accountancy Revision Worksheet Set A CBSE Class 12 Accountancy Revision Worksheet Set B CBSE Class 12 Accountancy Revision Worksheet Set C CBSE Class 12 Accountancy Revision Worksheet Set D CBSE Class 12 Accountancy Revision Worksheet Set E CBSE Class 12 Accountancy Revision Worksheet Set F CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set A CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set B CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set C CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set A CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set B
 CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set C
 CBSE Class 12 Accountancy Admission Of Partner Worksheet Set A CBSE Class 12 Accountancy Admission Of Partner Worksheet Set B CBSE Class 12 Accountancy Admission Of Partner Worksheet Set C CBSE Class 12 Accountancy Admission Of Partner Worksheet Set D CBSE Class 12 Accountancy Change In Profit Sharing Ratio Worksheet Set A CBSE Class 12 Accountancy Change In Profit Sharing Ratio Worksheet Set B
 CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set A CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set B CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set C CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set D CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set E CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set F
 CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set A CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set C
 CBSE Class 12 Accountancy Company Accounts Worksheet Set A CBSE Class 12 Accountancy Company Accounts Worksheet Set B CBSE Class 12 Accountancy Company Accounts Worksheet Set C CBSE Class 12 Accountancy Share Capital Worksheet Set A CBSE Class 12 Accountancy Share Capital Worksheet Set B
 CBSE Class 12 Accountancy Debentures Worksheet
 CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set A CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set B
 CBSE Class 12 Accountancy Analysis Of Financial Statements Worksheet CBSE Class 12 Accountancy Financial Analysis And Tools For Financial Analysis Worksheet
 CBSE Class 12 Accountancy Ratio Analysis Worksheet
 CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C

## Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

### Surya Namaskar Project on 75th Anniversary of Independence Day

Ministry of Education, Govt of India vide letter No. F.No. 12-5/2020-IS-4 dated 16.12.2021 has intimated that under the banner Azadi ka Amrit Mahotsav the National Yogasanasports Federation has decided to run a project of 750 million Surya Namaskar from 01 January 2022...

### Board Exams Date Sheet Class 10 and Class 12

Datesheet for CBSE Board Exams Class 10  (Scroll down for Class 12 Datesheet) Datesheet for CBSE Board Exams Class 12

### Heritage India Quiz 2021 2022

CBSE Heritage India Quiz is conducted every year to raise the awareness about the preserving human heritage, diversity and vulnerability of the India's built monuments and heritage sites. It is an attempt of the Board to motivate the future generations of this country...