Question

Match Column I with Column II and select the correct answer using the codes given below the columns:

Column I		Column II
A.	Horizontal Analysis	1.	Conducting for one accounting period.
B.	Vertical Analysis	2.	Comparison of financial statements of an enterprise for two or more accounting periods.
C.	Intra-firm Analysis	3.	Conducted for two or more accounting periods.
D.	Inter-firm Analysis	4.	Comparison of financial statements of two or more enterprises for the same accounting period.

Options

• A - 4, B - 3, C - 2, D - 1.

• A - 3, B - 1, C - 2, D - 4.

• A - 3, B - 2, C - 4, D - 1.

• A - 2, B - 3, C - 4, D - 1.

Answer 1

A - 3, B - 1, C - 2, D - 4.

Explanation:

Column I		Column II
A.	Horizontal Analysis	3.	Conducted for two or more accounting periods.
B.	Vertical Analysis	1.	Conducting for one accounting period.
C.	Intra-firm Analysis	2.	Comparison of financial statements of an enterprise for two or more accounting periods.
D.	Inter-firm Analysis	4.	Comparison of financial statements of two or more enterprises for the same accounting period.