Question:
What is Comparative Balance Sheet? Mention any three objectives of it.
What is Comparative Balance Sheet? Mention any three objectives of it.
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A Comparative Balance Sheet is a valuable tool for evaluating a company's financial progress and identifying strengths or weaknesses over time.
Updated On: Nov 5, 2025
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Solution and Explanation
A Comparative Balance Sheet presents financial data for multiple periods side by side, allowing stakeholders to compare and analyze the changes in the company's financial position over time.
Objectives of a Comparative Balance Sheet:
1. Identify trends: Helps analyze trends in assets, liabilities, and equity over different periods.
2. Evaluate financial performance: Provides a clear view of growth, profitability, and solvency changes.
3. Support decision-making: Assists management and stakeholders in making informed financial decisions based on historical data.
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