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Home Questions KJGYJDZVSA
Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

Which are the tools for comparison of financial statements?

Options:

Comparative Income Statement

Common-size Statement

Comparative Balance Sheet

All the above

Correct Answer:

All the above

Explanation:

Option 1 Comparative Income Statement
Option 2 Common-size Statement
Option 3 Comparative Balance Sheet
Commonly used tools of financial analysis are: Comparative statements, Common size statement, trend analysis, ratio analysis, and cash flow analysis.

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