The 3rd column in the comparative statement is ___

Percentage increase or decrease

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Absolute increase or decrease

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Either Percentage increase or decrease OR Absolute increase or decrease

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None of these

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Solution

The correct option is B
Absolute increase or decrease

The 3rd column in the comparative statement is absolute increase or decrease.

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What is the importance of comparative statements? Illustrate your answer with particular reference to comparative income statement.

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