Account class 12 Comparative Statements And Common Size Statements

1. Comparison of values of a firm with those of another firm is termed as inter firm comparison.

2. Comparison of values of 2 year of the firm is termed as intra firm comparison.

3. Revenue from operation is not taken as 100 in preparing common size statement of profit and loss.

4. Total of Asset/Liabilities part is taken as base for preparing common size balance sheet.

5. Comparative statements are the tools of financial statements analysis

6. Comparison of actual of one firm with those of another firm belonging to the same industry is ;

7. Comparison of actual values of one period with those of another period for the same firm is ;

8. While preparing common size income statement each item of income statement is expressed as % of ;

9. While preparing common size balance sheet each item of balance sheet is expressed as % of ;

10. Under which too of financial analysis 100 % is taken as base and all other related fig. are expressed as a percentage of base ?

11. Which techniques of financial analysis shows a comparative study of items or components of financial statements for two or more year ?

12. Which one of the following is tool of financial analysis ?