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CUET UG Accountancy — practice by topic

Browse 29 questions across 6 Accountancy topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Accountancy topics

Analysis of Financial Statements (24)Depreciation (1)Double Entry (1)Fundamentals (1)Journal (1)Ratios (1)

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Comparative statement analysis is also known as:Read the answer and worked solution →Common size statement analysis is also known as:Read the answer and worked solution →In a common size statement, each item is expressed as a percentage of:Read the answer and worked solution →Which tool studies operational results and financial position over a series of years using a base year?Read the answer and worked solution →

Worked practice questions

Comparative statement analysis is also known as:

  1. ratio analysis
  2. horizontal analysis
  3. vertical analysis
  4. cash flow analysis
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Correct answer: B. horizontal analysis

Comparative statements compare figures across time periods side by side, so the method is called horizontal analysis.

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Common size statement analysis is also known as:

  1. vertical analysis
  2. trend analysis
  3. horizontal analysis
  4. cash flow analysis
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Correct answer: A. vertical analysis

Common size statements express items as a percentage of a common base within one period, so it is vertical analysis.

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In a common size statement, each item is expressed as a percentage of:

  1. a common base item
  2. the previous year's figure
  3. total cash flow
  4. the base year's figure
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Correct answer: A. a common base item

In a common size statement every item is shown as a percentage of a common base item, bringing figures to a common scale.

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