Question : Choose which of the following statements is correct?
Option 1: Horizontal Analysis requires financial statements of two or more accounting periods.
Option 2: Vertical Analysis requires financial statement of one period.
Option 3: Both 1 and 2
Option 4: None of the above
Answer (1)
18th Jan, 2024
Correct Answer: Both 1 and 2
Solution : Answer = Both 1 and 2
1. Horizontal Analysis requires financial statements of two or more accounting periods.
2. Vertical Analysis requires the financial statement of one period.
Hence, the correct option is 3.
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