This document contains an exam for the subject of Accountancy for Rupesh Yadav in 12th standard with roll number "C" and marks of 29. It was conducted by Akash Rana Sir at Bhaurav Devras Saraswati Vidya Mandir in Noida, Gautam Budh Nagar. The exam contains 20 multiple choice questions each from Chapter 1 and Chapter 2 on topics like financial statements, balance sheet, partnerships, and analysis of financial statements.

1. BHAURAV DEVRAS SARASWATI VIDYA MANDIR
SESSION -2020-21
ACCOUNTANCY
RUPESH YADAV
12TH
“C”
29
AKASH RANA SIR

2. BHAURAV DEVRAS SARASWATI VIDYA MANDIR
H-107, SECTOR -12, NOIDA, GAUTAM BUDH NAGAR
SOME INSTRUCTIONS:-
All question are compulsory.
Don’t use calculators.
All marks given a right side of all questions.
T.Q. - 40

3. CHAPTER-1
Q1. Define Financial Statements?
Q2. Define Balance Sheet ?
Q3. Write any one limitations of Financial Statement?
Q4. Write any one characterstics of Financial Statement?

4. Q9.Current Investments are those investments which are
doesn’t held to converted into cash(True/False).
Q10.Raw materials is a Inventories(True/False)
Q6. A reserve created out of the capital profit is known
as Capital Reserve (True/False).
Q7. Non Current Liabilities is a negative manner
(True/False).
Q8. Current Liability is that liability which due to be
doesn’t settled with 12 months (True/False).

5. Q11.Office Equipment is___________________ assets.
Q12.Bills Receivables is a sub-head of _______.
Q13.Long-term Investments is a ________ assets.
Q14.Major heading of Trademark is___________.
Q15.Loose Tools is a Main-head of ___________.

6. Q16.Following are essential elements of a partnership firm expect :
(A)At least two persons.
(B)Equal share of profit and losses
(C)There is an agreement b/w all partners.
Q17.In case of partnership the act of any partner.is :
(A)Binding on all partners
(B)Binding on that partner only
(C)None of the above.
Q18.The relation of partner with the firm is that of :
(A)An owner
(B)An agent
(C)An owner and an agent.

7. Q19.What should be the number of persons to firm a
partnership :
(A)2
(B)7
(C)10
Q20.Number of partners in a partnership firm :
(A)Maximum Two
(B)Maximum One hundred
(C)Maximum Fifty.

8. CHAPTER-2
Q1. What is Horizontal Analysis?
Q2. What is meant by Vertical Analysis?
Q3. Write any 2 limitations of Financial Statement?
Q4. Name any 2 tools of analysis of Financial Statements?
Q5. State any one objective of Financial Statement Analysis?

9. Q6. Dynamic or Horizontal Analysis is not a time series
analysis{True/False}.
Q7. Cash Flow Statement is a Statement showing flow of
cash{True/False}.
Q8.VerticalAnalysis is known as StaticAnalysis{True/False}.
Q9. Horizontal Analysis is known as DynamicAnalysis{True/False}.
Q10. Comparison is a part of Horizontal Analysis{True/False}.

10. Q11.Researchers may like to analyse ________________-.
Q12.Vertical Analysis is also called _________________.
Q13.Horizontal Analysis is also called ______________.
Q14.In which Analysis the investor comes to know ans fulfilling his
expectations__________________.
Q15.Inter-firm comparison becomes easy with the help of ___________ Analysis.

11. Q16.Which analysis is considered as dynamic:
{A}Horizontal Analysis
{B}Vertical Analysis
{C}Internal Analysis
Q17.Which analysis is considered as static :
(A)Horizontal Analysis
(B) Vertical Analysis
(C) Internal Analysis
Q18. Which analysis is based only on one year’s
data :
(A) Cash Flow Statement
(B) Dividend Analysis
(C) Vertical Analysis
(D) Horizontal Analysis

12. Q19. . Parties interested in financial analysis are :
(A) Investors
(B) Government
(C) All of the Above
Q20. Main limitation of financial analysis is :
(A) To know earning capacity
(B) To know financial strength
(C) Do not reflect changes in price level