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Analysing Common Size Profit and Loss

Procedure for...

Question

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

A

Projection of Fixed Assets

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B

Projection of Capital

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C

Projection of Sales

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D

Projection of Profit

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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.

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