This category includes the posts relating to meaning and preparation of Comparative Statements i.e. Comparative Balance Sheet, Comparative statement of Profit and Loss and Common Size statements.
22
09, 2019
OTQs – Comparative Financial Statements
Profitability is shown by Statement of Profit and Loss. Common Size Statement is prepared to show percentage of items of Statement of Profit and Loss to a common base (Revenue from Operations) of the same year.
11
02, 2016
Comparative Financial Statements
Comparative financial statements show the absolute figures of two years indicate the increase or decrease in these figures from one year to another as well as changes in percentage form.
11
02, 2016
Comparative Balance Sheet
Comparative Balance Sheet of a company shows the information contained in the Balance sheet for two years, the changes in absolute terms as well as in percentage form.
11
02, 2016
Comparative Income Statement
Comparative Income Statement shows increase or decrease in various items of Trading and Profit and Loss Account, in absolute terms and in percentage form, to know about the progress of the business.
11
02, 2016
Common Size Statements
Common Size Statements are the statements in which individual figures are converted into percentages to some common base .Common Size Statements may be prepared for the Balance Sheets or the Income statements.
11
02, 2016
Common Size Balance Sheet
A Common Size Balance Sheet is a statement in which total of assets or liabilities is assumed to be equal to 100 and all the figures are expressed as percentage of the total.
11
02, 2016
Common Size Income Statement
Common Size Income Statement is a statement in which the figure of net sales is assumed to be equal to 100 and all other figures of 'Profit and Loss Account are expressed as percentage of Net Sales.