Question

Which of the following statements are false?

1. When all the comparative figures in a balance sheet are stated as percentage of the total, it is termed as horizontal analysis.
2. When financial statements of several years are analysed, it is termed as vertical analysis.
3. Vertical analysis is also termed as time series analysis.

Options

• Both (i) and (ii)

• Both (i) and (iii)

• Both (ii) and (iii)

• All three (i), (ii), (iii)

Answer 1

All three (i), (ii), (iii)