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Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyAnalysis of Financial Statements1 Mark
Question
Assertion [A] :
When financial statements of several years are compared against a chosen base year, it is called Dynamic Analysis.
Reason [R] :
Horizontal analysis is made to review and analyse the financial Statements for a number of years and it is also known as Time Series Analysis.
Choose the Correct Option from the following:
✓

Answer

Assertion and Reason both are correct and Reason is the correct explanation of assertion

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