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Category: Accountancy

What are Comparative Financial Statements?

Class 12 Accountancy accounts
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State the importance of Financial Analysis?

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State the meaning of Analysis and Interpretation.

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Distinguish between Vertical and Horizontal Analysis of financial data?

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List the techniques of Financial Statement Analysis.

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Explain the process of preparing income statements and balance sheets.

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‘Financial statements reflect a combination of recorded facts, accounting conventions and personal judgements’ discuss?

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Explain how financial statements are useful to the various parties who are interested in the affairs of an undertaking?

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Prepare the format of the balance sheet and explain the various elements of the balance sheet.

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Prepare the format of the statement of profit and loss and explain its items up to the ascertainment of profit before tax.

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Explain the limitations of financial statements.

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Explain in detail the significance of the financial statements?

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