Question

Main objective of the Common Size Balance Sheet is:

विकल्प

• to present changes in assets and liabilities.

• to present changes in various items of income and expenses.

• to establish a relationship between Revenue from Operations and other items of Statement of Profit and Loss.

• all of the above

Answer 1

to present changes in assets and liabilities.

Explanation:

The main goal of a Common Size Balance Sheet is to show changes in assets and liabilities. The primary goal of the Comparative Statement of Profit and Loss is to create a relationship between Revenue from Operations and the other items on the Statement of Profit and Loss.