The financial statement is prepapred for the year ended 2020. The common size financial statement is prepared for the years ended

2019 and 2020

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2018 and 2019

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2021 and 2022

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2020 and 2021

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Solution

The correct option is A 2019 and 2020
The financial statement is prepapred for the year ended 2020. The common size financial statement is prepared for the years ended 2019 and 2020.

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The ………. is prepared at a particular date usually the end of the financial year, while the ………. is prepared for a particular period.

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