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प्रश्न
Explain the following :
Comparative income statement
टीपा लिहा
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उत्तर
It is a statement that compares the revenue and expenses of the current and previous year of a business and helps in knowing the trends in the business. It reflects the increase/decrease in the revenue and expenses and explains the trends in the financials and how the business reacts to the changes in the market.
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