Common Size Quiz
Common Size Financial Statements Quiz
Test your knowledge on common size financial statements with this engaging quiz! Perfect for students, teachers, and finance enthusiasts.
Learn about:
- The objectives of common size statements
- How to interpret common size balance sheets and income statements
- Calculation techniques for financial ratios
Main objective of Common Size statement is :
To present the changes in various items
To provide for a common base for comparison
To establish relationship between various items
All of the Above
Main objective of Common Size Balance Sheet is :
To establish relationship between revenue from operations and other items of statement of profit & loss
To present changes in assets and liabilities
To present changes in various items of income and expenses
All of the Above
Common Size Statements are prepared
In the form of Ratios
In the form of Percentages
In both of the Above
None of the Above
Which of the following is untrue :
Common size Balance Sheet
Common size Statement of Profit & Loss
Common size cash Flow Statement
None of the Above
Main objective of Common Size Statment of Profit & Loss is :
To present changes in assets and liabilities
To judge the financial soundness
To establish relationship between revenue from operations and other items of statement of Profit & Loss
All of the Above
In the Statement of Profit & Loss of a Common Size Statement :
Figure of net revenue from operations is assumed to be equal to 100
Figure of gross profit is assumed to be equal to 100
Figure of net profit is assumed to be equal to 100
Figure of assets is assumed to be equal to 100
In the Balance Sheet of a Common Size Statement:
Figure of share capital is assumed to be 100
Figure of current liabilities is assumed to be 100
Figure of fixed assets is assumed to be 100
Figure of total assets is assumed to be 100
Total assets of a firm are ₹20,00,000 and its fixed assets are ₹8,00,000. What will be the percentage of fixed assets on total assets?
60%
40%
71%
33%
In a common size Balance Sheet, total liabilities are assumed to be equal to
1
10
100
1000
In a common size Statement of Profit & Loss, the amount of net revenue from operations is assumed to be equal to
1000
100
10
1
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