Question : …………….. analysis of financial statement is based on one year data.
Option 1: Vertical analysis
Option 2: Horizontal analysis
Option 3: Both 1 and 2
Option 4: None of the above
Answer (1)
17th Jan, 2024
Correct Answer: Vertical analysis
Solution : Answer = Vertical analysis
Vertical analysis as a financial statement analysis such as ratios is utilised to evaluate and analyse financial statements for a specific year or period.
Hence, the correct option is 1.
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