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Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyAnalysis of Financial Statements1 Mark
Question
Assertion [A] :
Vertical or static Analysis is made to review and analyse the financial statements of one year only, to compare the performance of other firms of the same type or divisions or departments of one firm.
Reason [R]: 
It is a Time Series Analysis
Choose the Correct Option from the following:
✓

Answer

Only Assertion is correct.

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