Advertisements
Advertisements
प्रश्न
Statement I: A particular year’s Balance Sheet is more useful as compared to Comparative Balance Sheet.
Statement II: Comparative Balance Sheet acts as a connecting link between Statement of Profit & Loss and the Balance Sheet.
पर्याय
Both statements are correct.
Both statements are incorrect.
Statement I is correct, and Statement II is incorrect.
Statement I is incorrect, and Statement II is correct.
MCQ
Advertisements
उत्तर
Both statements are incorrect.
Explanation:
Both statements are incorrect because a Comparative Balance Sheet is more useful than a single year’s balance sheet as it reveals financial trends over time, and it does not connect the Profit & Loss statement to the Balance Sheet, a role typically performed by Retained Earnings.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
