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Question
Which of the following is not a tool for Analysis of Financial Statements?
Options
Cash Flow Statement
Trend Analysis
Ratio Analysis
Balance Sheet
MCQ
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Solution
Balance sheet
Explanation:
The Balance sheet is a financial statement that shows the financial position at a point in time; however, it is not a tool used for analyzing financial statements. Tools for analysis include cash flow statement, trend analysis, and ratio analysis, which help interpret and analyze financial data, whereas the balance sheet is one of the statements analyzed rather than a tool itself.
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