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List any two uses of analysing the financial statements. - Accounts

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Question

List any two uses of analysing the financial statements.

Very Short Answer
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Solution

Two uses of analysing financial statements are:

  1. Helpful in taking investment decisions.
  2. Helpful in taking credit decisions.
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Chapter 10: Financial Statements Analysis - SHORT ANSWER QUESTIONS [Page 10.8]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 10 Financial Statements Analysis
SHORT ANSWER QUESTIONS | Q 5. | Page 10.8
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