Which of the following statement/s are used for financial analysis? Options: A . &nbsp Statement of Profit and Loss only B . &nbsp Statement of Financial Position i.e. Balance Sheet only C . &nbsp Both : Statement of Profit and Loss Statement of Financial Position i.e. Balance Sheet D . &nbsp None of these

Which of the following statement/s are used for financial analysis?

Question -

Which of the following statement/s are used for financial analysis?

Options:

A . Statement of Profit and Loss only

B . Statement of Financial Position i.e. Balance Sheet only

C . Both :
Statement of Profit and Loss
Statement of Financial Position i.e. Balance Sheet

D . None of these

Answer: Option D
:
D

Both the Statement of Profit and Loss and Statement of Financial Position i.e. Balance Sheet are used for financial analysis.

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