Comparative Statement when prepared for comparing the enterprise's financial statements of two or more years, is known Intra-firm Comparison.

True

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False

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Solution

The correct option is A True
True. Comparative analysis is comparison of various ratios balances of different years of the same firm. When the comparison is done within the firm its known as intra-firm comparison. It is basically done to understand the trend of the company.

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Similar questions

When financial statement figures for two or more years are placed side-by-side to facilitate comparison , these are called _________.

The preparation of comparative financial statement is only possible in case of presence of past year data.

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