Advertisements
Advertisements
Question
Give two advantages of comparative balance sheet.
Short Answer
Advertisements
Solution
Two advantages of a comparative balance sheet are:
- It shows the extent of increase or decrease in various items of the balance sheet, giving a clear picture of changes over time.
- It highlights the nature, size, and direction of changes for each item, helping in analyzing trends and the financial position of the business more effectively.
shaalaa.com
Is there an error in this question or solution?
