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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


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 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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