Question: - True Or False with explanations (5 x 2= 10 marks) a) Common size statements are also called horizontal analysis. b) Trend analysis helps in

- True Or False with explanations (5 x 2= 10 marks)

- True Or False with explanations (5 x 2= 10 marks) a) Common size statements are also called horizontal analysis. b) Trend analysis helps in analysing financial statements. c) In case of common size statement analysis, the base year is made 100. d) In a trend analysis from 2015 to 2017, the Cost of Sales trend percentage was 115 in 2016 and 98 in 2017. This means Cost of Sales was increasing continuously from 2015 to 2017 e) Formula for making common size statements is - (Base period value/ Individual item value) x 100

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