Common Size Quiz

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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

10 Questions2 MinutesCreated by AnalyzingTree547

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 Statement of Profit & Loss, the amount of net revenue from operations is assumed to be equal to

1000

100

Common Size Quiz

Common Size Financial Statements Quiz

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