Common Size Statements are also known as:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Vertical analysis
A common size statement shows every item as a percentage of a common total of the same year, reading down the statement, so it is called vertical analysis; comparing years side by side is horizontal analysis.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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