In case of a limited company, the term financial statements includes………

Related MCQs

• In ………………..type of analysis , financial statements for a number of years are reviewed and analyzed.
• ………………. are prepared so as to provide time perspective to the consideration of various elements of financial position embodied in such statements.
• …………..are statements of financial position at different periods
• The term fixed assets includes
• …………….is the dividend paid to the members of a company during a financial year before the finalization of annual accounts.
• ………..is the process of accounting for cost which includes the application of cost control methods and ascertainment of profitability of activities
• …………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.
• ……………….is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are in part, at least of financial character and interpreting the results there of.
• The objective of financial accounting is to find out…………………..
• ……………..is the process of identifying the financial strengths and weakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account