Question : Which of the following is not a tool of Analysis of Financial Statements?
Option 1: Ratio Analysis
Option 2: Common-size Statement
Option 3: Comparative Statement
Option 4: Statement of Profit & Loss
Answer (1)
19th Jan, 2024
Correct Answer: Statement of Profit & Loss
Solution :
The financial accounts of a company record significant financial data about all aspects of its business. As such, their performance in the past, present, and future can be evaluated. Cash flow statements, ratio analysis, common-size statements, and comparative statements are a few helpful methods for financial statement analysis.
Hence, the correct option is 4.
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