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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.
Reason (R): Comparative statements compare financial data of two points of time.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false .
- d)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'A'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A)...
Statements showing financial data for two or more years, placed side by side to facilitate comparison are called Comparative Financial Statements.
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Directions : In the following questions, a statement of Assertion (A)...
Assertion and Reasoning in Financial Statements Analysis
Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.
Reason (R): Comparative statements compare financial data of two points of time.
Explanation:
Comparative statements are financial statements that compare the financial data of two or more points in time. These statements are useful in analyzing the changes in financial position and operating results of a company. Some examples of comparative statements include comparative balance sheets, comparative income statements, and comparative cash flow statements.
The assertion states that comparative statements help in deriving meaningful conclusions regarding changes in financial position and operating results. This is true because comparative statements allow analysts to compare the financial data of two or more points in time, which can help identify trends and changes in a company's financial performance.
The reason states that comparative statements compare financial data of two points of time. This is also true because comparative statements compare the financial data of two or more points in time to identify changes in financial position and operating results.
Therefore, both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A). The correct answer is option A.
Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.
Reason (R): Comparative statements compare financial data of two points of time.
Explanation:
Comparative statements are financial statements that compare the financial data of two or more points in time. These statements are useful in analyzing the changes in financial position and operating results of a company. Some examples of comparative statements include comparative balance sheets, comparative income statements, and comparative cash flow statements.
The assertion states that comparative statements help in deriving meaningful conclusions regarding changes in financial position and operating results. This is true because comparative statements allow analysts to compare the financial data of two or more points in time, which can help identify trends and changes in a company's financial performance.
The reason states that comparative statements compare financial data of two points of time. This is also true because comparative statements compare the financial data of two or more points in time to identify changes in financial position and operating results.
Therefore, both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A). The correct answer is option A.
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Comparative statements help in deriving meaningful conclusions regarding the changes in financial position and operating results.Reason (R): Comparative statements compare financial data of two points of time.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.
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