Board Question Paper : July 2019 — Elements of Account STD 12 Commerce — Question

The analysis of financial statement can be done through this tool also. Profit and loss statement and balance sheets of two years or more than two years can be computed with the financial statements of current year are comapred with the profit and loss statements or the previous years and the balance sheet of the current year is comapared with the balance sheet of the previous year. This analysis is a vertical analysis.