Question

21. For Inter Firm Comparison----
a) Comparative Statement is prepare
O b) A common size Statement is prepare
O c) Balance sheet is prepare
d) Income statement is prepare​

Answer 1

Answer:

Steps in preparing a comparative income statement

1. Specify absolute figures of all the items related to the accounting period under consideration. 2. ... Calculate the percentage change in the items present in the current statement with respect to previous year statements.

Explanation:

please click on Brain list answer