Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the Following : Comparative Income Statement - Book Keeping and Accountancy

Short Note

Explain the following :
Comparative income statement

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Solution

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.

Concept: Comparative Statements
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 12 Analysis of Financial Statements
Exercise | Q 4 | Page 385
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