Related InterviewSolutions

• State whether the following statements are True or False:1. Common size statements and financial ratios are the two tools employed in vertical analysis. 2. In a Common size statement each item is expressed as a percentage of some common base.
• What is profit and loss a/c?
• What is direct expenses?
• State whether the following statements are True or False:1. Balance Sheet must be prepared in the horizontal format only. 2. Horizontal Analysis is also termed as Static Analysis.
• State whether the following statements are True or False:1. Both the Income Statement and Balance Sheet show the financial position of the firm at the end of the year. 2. Methodical presentation of financial statements helps in calculation of various ratios.
• What is Indirect expenses? 
• What is Final Accounts?
• What is trading account? 
• Fill in the blanks:Manipulation in the statements can arise because of involvement of _______
• Fill in the blanks:Balance sheet shows the ______ of the company.