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Question
Main objective of Common Size Statement of Profit and Loss is ______.
Options
to judge the financial soundness.
to present changes in assets and liabilities.
to establish relationship between Revenue from Operations and other items of Statement of Profit and Loss.
All of the above.
MCQ
Fill in the Blanks
Solution
Main objective of Common Size Statement of Profit and Loss is to establish relationship between Revenue from Operations and other items of Statement of Profit and Loss.
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