Question

Match the following:

Group A		Group B
1.	Common-size Balance Sheet	A.	Compares the assets and liabilities of current year with that of previous year.
2.	Comparative Balance Sheet	B.	Depicts the percentage relation of each asset/liability to total assets/total of equity and liabilities.
3.	Common-size Income Statement	C.	Revenue from Operations is assumed to be equal to 100, and other values of revenue and expenses are expressed as percentages of Revenue from Operations.
4.	Comparative Statement of Profit & Loss	D.	Depicts the operating results of more than one accounting period so that changes in absolute amounts as well as in terms of percentage may be known.

Options

• 1 - D, 2 - A, 3 - C, 4 - B.

• 1 - C, 2 - D, 3 - B, 4 - A.

• 1 - B, 2 - A, 3 - C, 4 - D.

• 1 - A, 2 - C, 3 - D, 4 - B.

• 1 - D, 2 - A, 3 - C, 4 - B.

Answer 1

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

Explanation:

Group A		Group B
1.	Common-size Balance Sheet	B.	Depicts the percentage relation of each asset/liability to total assets/total of equity and liabilities.
2.	Comparative Balance Sheet	A.	Compares the assets and liabilities of current year with that of previous year.
3.	Common-size Income Statement	C.	Revenue from Operations is assumed to be equal to 100, and other values of revenue and expenses are expressed as percentages of Revenue from Operations.
4.	Comparative Statement of Profit & Loss	D.	Depicts the operating results of more than one accounting period so that changes in absolute amounts as well as in terms of percentage may be known.