Question

when major expenses for the current year is comalired with their corspomding figures of the privious year it is called as

Answer 1

Answer:

1Direct Confirmation

When Major Expense for the current year is compared with their. corresponding figures of the. previous year, it is called. 1Direct Confirmation.

Answer 2

Answer:

When major expenses for the current year is compared with their corresponding figures of the previous year it is called  Comparative Information.

Step-by-step explanation:

Explanation:

Comparative information shows the amount and disclosure of consolidated financial statements for one or more previous periods and provides users with the information they need to identify trends and changes that affect the company over a period of time. ..

For example, a manager can compare the monthly closing cash balances of the last two years to determine whether the closing cash balance is increasing or decreasing.

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