Question
Download Solution PDFComparative statement is an important document to evaluate ________.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFComparative Statement
- A comparative statement is a document used to compare a particular financial statement with prior period statements.
- The comparative statement is an important document to evaluate offers received against an inquiry.
- Previous financials are presented alongside the latest figures in side-by-side columns, enabling investors to identify trends, track a company’s progress and compare it with industry rivals.
- The comparative analysis not only enables the management in locating the problems but also helps them to put various budgetary controls and corrective measures to check whether the current performance is aligned with that of the planned targets.
Last updated on Jul 1, 2025
-> SSC JE Electrical 2025 Notification is released on June 30 for the post of Junior Engineer Electrical, Civil & Mechanical.
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