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P2 C5 ACCOUNTNG RATIOS AND ANALYSIS — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C5 ACCOUNTNG RATIOS AND ANALYSIS1 Mark
Question
What is ratio?
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Answer

The relationship between two accounting figures, expressed mathematically is known as financial ratios.
  • To make qualitative judgment about firms financial performance ratio is useful

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