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
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.
Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.
Question : The computerised accounting system refers to -
Question : What ate the reports that computerized accounting software takes into consideration as input through Accounting Software?
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