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Analysis of Financial Statements — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAnalysis of Financial Statements1 Mark
Question
Mention two objectives of the comparative statement.
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Answer

Objectives of comparative statements are:
  • Compare financial data at two points of time and
  • Helps in deriving the meaning and conclusions regarding the changes in financial positions and operating results.

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