HSC Commerce (Marketing and Salesmanship) 12th Board ExamMaharashtra State Board
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State Whether Following Statements Are True Or False : - HSC Commerce (Marketing and Salesmanship) 12th Board Exam - Book Keeping and Accountancy

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Question

State whether following statement is true or false.
Ratio Analysis is useful for inter-firm comparison.

  • True

  • False

Solution

True
Explanation:
 Ratio analysis helps an organisation to compare the results of the business with other firms, industries and also helps in appraising the progress and growth of the organisation over the years. It facilitates comparison and helps in determining whether the business is doing better than other firms and if it is not, what are the improvement areas and the reasons for them.

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APPEARS IN

 Micheal Vaz Solution for Micheal Vaz Class 12 Accounts - Book Keeping and Accountancy (2019 to Current)
Chapter 12: Analysis of Financial Statements
Exercise | Q: 8 | Page no. 384
 2015-2016 (July) (with solutions)
Question 1.4.5 | 1.00 mark
Solution State Whether Following Statements Are True Or False : Concept: Ratio Analysis and its Types.
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