What are the comparative financial statements??
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Comparative Financial Statements
•The comparative statements are the statements of the. financial position and performance of two or more periods represented in comparative form in adjacent columns in a single report. •In comparative statement we can compare each elements
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The Comparative Financial Statements
The Comparative Financial Statements are the statements of the financial position at different periods of time.
The elements of financial position are shown in a comparative form to give an idea of the financial position of two or more periods.
Generally, two financial statements (balance sheet and income statements) are prepared in comparative form for the purpose of financial analysis.
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