Question:
Which of the following is not a tool of Analysis of Financial Statements?
Which of the following is not a tool of Analysis of Financial Statements?
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Financial analysis tools are designed to interpret and evaluate the financial data, whereas financial statements provide the raw data for analysis.
Updated On: Jan 29, 2025
- Ratio Analysis
- Comparative Statement
- Statement of Profit \& Loss
- Cash Flow Statement
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The Correct Option is C
Solution and Explanation
The Statement of Profit \& Loss is a financial statement that reports a company’s financial performance, not a tool for analyzing financial statements. Tools such as Ratio Analysis, Comparative Statements, and Cash Flow Statements are specifically used for analysis.
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