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Question
State the significance of analysis of financial statements to ‘Top Management’.
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Solution
The analysis of financial statements helps the Top Management on the following fonts.
- to assess the solvency position of the company
- to analyse the efficiency with which the financial resources are allocated and utilised.
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||||
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| To Interest on Capital | By Profit & loss account (After manager’s commission) | ___(2)___ | |
| Richa | ______ | ||
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| ______ | ______ |
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