The mirror which reflects the true financial position of the business as on a particular date

Related MCQs

• The ratio which is used to ascertain the soundness of the long term financial position is------------
• ------------- gives a diagnosis of the profitability and financial position
• ----------- helps to disclose financial position
• Afford full diagnosis of the profitability and financial position
• ---------------- ratio studies the firm’s ability to meet its long term financial position
• A transaction that doesn’t make any change in working capital position is ---------
• A statement depicting the reasons for the change in cash position from one period to another
• Vertical analysis is made to review and analyse the financial statements of -----------------accounting period.
• Comparison of financial variables of a firm over a period of time is known as--------------
• External analysis is based on ------------- financial statements