MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Analysing Common Size Profit and Loss

Procedure for...

Question

Procedure for preparation of 'Projected Financial Statements' should start from ______________.

A

Projection of Fixed Assets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Projection of Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Projection of Sales

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Projection of Profit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Projection of Sales
Projected financial statements take into account past financial trends, market conditions, possible changes and management expectations to arrive at a future financial picture.
It begins with Projection of Sales.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Choose the correct synonym of the highlighted word.
Before starting a project, we should have a synopsis of the project.

Q. Peptisation is a method of preparation of sols. Write a general procedure for peptization.

Q. Which of the following are the limitations of financial analysis?
a. Financial analysis does not consider price level.
b. Financial analysis is just a study of interim reports.
c. Financial analysis may be leading with the knowledge of the changes in accounting procedure followed by a firm.
d. Financial statements are prepared on the the basis of going concern concept.

Q. A particle is suspended from a fixed point by a string of length

l

. It is projected from the equilibrium position with a velocity

v = 2 \sqrt{g l}

as shown in the figure below, which of the following statements is true?

Q. When preparing the annual financial statements, the balance of prepaid rent account should be treated as a _____________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Common Size Financial Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Analysing Common Size Profit and Loss

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon