Question : Common-size Balance Sheet shows the percentage relation of each asset/equity and liability…………
Option 1: One accounting period
Option 2: Two or more accounting period
Option 3: To the total of assets/total of equity and liabilities
Option 4: None of the above
Answer (1)
22nd Jan, 2024
Correct Answer: To the total of assets/total of equity and liabilities
Solution : Answer = To the total of assets/total of equity and liabilities
Common-size Balance Sheet shows the percentage relation of each asset/equity and liability to the total of assets/total of equity and liabilities.
Hence, the correct option is 3.
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