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 uses ratios, comparative statements, and cash flow analysis, but the Statement of Profit & Loss is simply a report.
Updated On: Feb 4, 2025
- Ratio Analysis
- Comparative Statement
- Statement of Profit & Loss
- Cash flow Statement
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The Correct Option is C
Solution and Explanation
Analysis of Financial Statements involves tools like ratio analysis, comparative statements, and cash flow statements.
The Statement of Profit & Loss, while important for financial reporting, is not a tool for analysis itself.
Therefore, the correct answer is (C).
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