✓ Board-verified
Accountancy · 2026 · 1 mark
CBSE 2026 · Region 2 · Set 2 · Q28
In common size income statement, each item is expressed as a percentage of *ORThe statements which are useful both in intra firm comparison over different years and also in inter firm comparison for the same year or for several years are known as :
OR
The statements which are useful both in intra firm comparison over different years and also in inter firm comparison for the same year or for several years are known as :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (C)
(b) → (B)
Marking-scheme solution
(C)
Revenue from Operations
Q. (b) The statements which are useful both……
Ans. (B) Common size statement
More from Analysis of Financial Statements
- From the following information, prepare a Comparative Statement of Profit and Loss of X Ltd. for the year…2025
- Which of the following is not an objective of 'Analysis of Financial Statements'? OR is also known as…2024
- The following information was extracted from the Statement of Profit and Loss of Chaman Ltd. for the year…2026
- is not a tool of 'Analysis of Financial Statements'. OR In 'Common size income statement' each item is…2025
- From the following information, prepare a Comparative Statement of Profit and Loss for the year ended 31"…2025
- From the following Balance Sheets of Bijoy Ltd. as at 31st March 2024 and 2025, prepare a Comparative Balance…2026
- The tool of 'Analysis of Financial Statements' which helps to assess the profitability, solvency and…2024
- From the following Balance Sheet of Nayak Ltd. prepare a Comparative Balance Sheet: Balance Sheet of Nayak…2025
CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.