Comparative statements are the form of: Option 1: horizontal analysis Option 2: vertical analysis Option 3: horizontal analysis and vertical analysis both Option 4: none of the above

The answer is 'horizontal analysis'. View full solution:

CUET Accountancy - Comparative statements are the form of: | PYQs + Solutions

CUET Accountancy 2022 8 Aug Shift 2

Financial Statements

Easy

horizontal analysis

vertical analysis

horizontal analysis and vertical analysis both

none of the above

✅ Correct Option: 1

Related questions:

15 May Shift 1

From the following details, calculate net profit before tax:

Net Profit after tax is Rs. 50,000;

15% Long-term debt 12,00,000;

Tax rate 20%.

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Match List-I with List-II

List-I	List-II
(Book/Theory proposed/Characteristic, etc.)	(Author/Thinker/Name of Theory, etc.)
(A) comparative statement	(I) study the operational results over the series of years.
(B) common size statement.	(II) express the relationship between various items of financial statement.
(C) trend analysis.	(III) study the relationship between two or more years.
(D) ratio analysis.	(IV) express each item as a percentage of the common base or item.

Choose the correct answer from the options given below:

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Value of reserves and surplus on 31 March 2024 stood at