The statement showing profitability of two different period and its percentage change. Answer in a word / phrase / term.
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The statement showing profitability of two different period and its percentage change.
ANSWER ⏬⏬⏬
COMPARITIVE INCOME STATEMENT.
The statement showing profitability of two different period and its percentage change.
ANSWER ⏬⏬⏬
COMPARITIVE INCOME STATEMENT.
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The statement showing profitability of two different period and its percentage change is referred to as comparative income statement.
* It provides a clear statement as to how one's expenses and revenue have changed with respect to the year in comparison.
* It can also be used to compare the financial report with a different firm as well.
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