1) A balance sheet is a form of
a. Dynamic financial reports
b. Static financial reports
c. Activity reports
d. None of the above
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Answer
Explanation
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ANSWER: Static financial reports
Explanation:
No explanation is available for this question!
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2) Which of the following is a kind of information report?
a. Trend reports
b. Analytical report
c. Activity reports
d. All of the above
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Answer
Explanation
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ANSWER: All of the above
Explanation:
No explanation is available for this question!
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3) Financial control report comes under
a. Dynamic financial reports
b. Static financial reports
c. Extensive Activity report
d. None of the above
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Answer
Explanation
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ANSWER: Dynamic financial reports
Explanation:
No explanation is available for this question!
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4) Analytical reports are based on the ______ comparison of results.
a. Horizontal
b. Vertical
c. Symmetrical
d. None of the above
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Answer
Explanation
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ANSWER: Horizontal
Explanation:
No explanation is available for this question!
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5) ___________ are just income statements, wherein the results of one particular year are compared with the findings of past several years.
a. Subsidiary trend reports
b. Analytical report
c. Activity reports
d. Master trend report
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Answer
Explanation
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ANSWER: Master trend report
Explanation:
No explanation is available for this question!
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6) __________ conveys detailed summary pertaining to various activities of the organization.
a. Master summary control report
b. Subsidiary summary control report
c. Interim summary control report
d. None of the above
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Answer
Explanation
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ANSWER: Subsidiary summary control report
Explanation:
No explanation is available for this question!
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7) _________ is a monthly profit and loss account, wherein the actual results of the concerned month are compared with the budgeted figures of that month.
a. Master summary control report
b. Subsidiary summary control report
c. Interim summary control report
d. None of the above
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Answer
Explanation
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ANSWER: Master summary control report
Explanation:
No explanation is available for this question!
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8) The coverage of control reports is wider than that of information reports.
a. True
b. False
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Answer
Explanation
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ANSWER: False
Explanation:
No explanation is available for this question!
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9) Control reports come in the category of routine reports.
a. True
b. False
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Answer
Explanation
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ANSWER: True
Explanation:
No explanation is available for this question!
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10) _________ indicates the variances and the reasons behind such variances.
a. Control reports
b. Information reports
c. Static reports
d. All of the above
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Answer
Explanation
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ANSWER: Control reports
Explanation:
No explanation is available for this question!
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