54
Question
__________ is the relation between various elements of financial statements expressed in mathematical terms.
__________ is the relation between various elements of financial statements expressed in mathematical terms.
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Solution
The correct option is B Ratio analysis
Under this technique, a comparison of the financial statements (profit & loss a/c and balance sheet) is done to find the trends of change in profits, assets, liabilities etc. Ratio analysis is the relation between various elements of financial statements expressed in mathematical terms. Ratio Analysis refers to analysis
of financial statements through computation of ratios.
Under this technique, a comparison of the financial statements (profit & loss a/c and balance sheet) is done to find the trends of change in profits, assets, liabilities etc. Ratio analysis is the relation between various elements of financial statements expressed in mathematical terms. Ratio Analysis refers to analysis of financial statements through computation of ratios.
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