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Question

Which of the following statements are true?


A

Common-size balance sheet shows relative value of the various items.

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B

In the common size income statement, each product is represented as a percentage of the net sales figure.

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C

Both :

Common-size balance sheet shows relative value of the various items.

In the common size income statement, each product is represented as a percentage of the net sales figure.

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D

None of these

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Solution

The correct option is C

Both :

Common-size balance sheet shows relative value of the various items.

In the common size income statement, each product is represented as a percentage of the net sales figure.


The following statements are correct :

Common-size balance sheet shows relative value of the various items.

In the common size income statement, each product is represented as a percentage of the Revenue from Operations.


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