…………statement shows changes in financial position and hence dynamic in nature

Related MCQs

• A cost which changes in proportion to changes in volume of activity is called
• Observing changes in financial analysis across the years is ……………
• ………………. are prepared so as to provide time perspective to the consideration of various elements of financial position embodied in such statements.
• …………..are statements of financial position at different periods
• ……………..type of analysis is based on the data from year to year rather than on one date, and also termed as dynamic analysis.
• ……………….is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are in part, at least of financial character and interpreting the results there of.
• Cash flow statement is a statement which describes inflows and outflows of……
• ……………..is the process of identifying the financial strengths and weakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account
• The flow of funds occurs when a transaction changes on the one hand a non current account and on the other hand a …………..
• ………are short term , highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value.