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Comparison of financial statements highlights the trend of the _________ of the business.
- a)Financial position
- b)Performance
- c)Profitability
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Comparison of financial statements highlights the trend of the _______...
Comparison of Financial Statements
Financial statements are the reports that show the financial performance and position of a business. These statements include the income statement, balance sheet, and cash flow statement. Comparing financial statements over different periods can provide insights into the trend of the business. The comparison of financial statements highlights the trend of the financial position, performance, and profitability of the business.
Financial Position
The financial position of a business is the snapshot of its assets, liabilities, and equity at a specific point in time. The balance sheet is the financial statement that provides information about the financial position of the business. Comparing the balance sheets of the business over different periods can help to identify the trend of the financial position of the business.
Performance
The financial performance of a business is the measurement of its ability to generate revenue and control expenses. The income statement is the financial statement that provides information about the financial performance of the business. Comparing the income statements of the business over different periods can help to identify the trend of the financial performance of the business.
Profitability
The profitability of a business is the measurement of its ability to generate profit. The profit and loss statement is the financial statement that provides information about the profitability of the business. Comparing the profit and loss statements of the business over different periods can help to identify the trend of the profitability of the business.
Conclusion
In conclusion, comparison of financial statements highlights the trend of the financial position, performance, and profitability of the business. By comparing financial statements over different periods, businesses can identify the areas that need improvement and make informed decisions to achieve their financial goals.
Financial statements are the reports that show the financial performance and position of a business. These statements include the income statement, balance sheet, and cash flow statement. Comparing financial statements over different periods can provide insights into the trend of the business. The comparison of financial statements highlights the trend of the financial position, performance, and profitability of the business.
Financial Position
The financial position of a business is the snapshot of its assets, liabilities, and equity at a specific point in time. The balance sheet is the financial statement that provides information about the financial position of the business. Comparing the balance sheets of the business over different periods can help to identify the trend of the financial position of the business.
Performance
The financial performance of a business is the measurement of its ability to generate revenue and control expenses. The income statement is the financial statement that provides information about the financial performance of the business. Comparing the income statements of the business over different periods can help to identify the trend of the financial performance of the business.
Profitability
The profitability of a business is the measurement of its ability to generate profit. The profit and loss statement is the financial statement that provides information about the profitability of the business. Comparing the profit and loss statements of the business over different periods can help to identify the trend of the profitability of the business.
Conclusion
In conclusion, comparison of financial statements highlights the trend of the financial position, performance, and profitability of the business. By comparing financial statements over different periods, businesses can identify the areas that need improvement and make informed decisions to achieve their financial goals.
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Comparison of financial statements highlights the trend of the _______...
Comparison of financial statements shows the profit of the company, financial position of a company and the company's performance compared to the previous year. So this comparison reveals the difference between the previous years profit and current year and shows whether the performance of a company is increased or decreased compared to both years and guides management to take corrective managerial actions so that the deviation(difference) do not occur again and they reach maximum level
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Comparison of financial statements highlights the trend of the _________ of the business.a)Financial positionb)Performancec)Profitabilityd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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