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Main objective of the Common Size Balance Sheet is: -

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Question

Main objective of the Common Size Balance Sheet is:

Options

  • to present changes in assets and liabilities.

  • to present changes in various items of income and expenses.

  • to establish a relationship between Revenue from Operations and other items of Statement of Profit and Loss.

  • all of the above

MCQ

Solution

to present changes in assets and liabilities.

Explanation:

The main goal of a Common Size Balance Sheet is to show changes in assets and liabilities. The primary goal of the Comparative Statement of Profit and Loss is to create a relationship between Revenue from Operations and the other items on the Statement of Profit and Loss.

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