how to calculate percentage when their is only 1 year data is given((in common size income statement)
Dear Student,
Common size statement is prepared for comparing the data of two years, so, when data of only one year is given, we cannot prepare such statement. The basic purpose of comparison in such a case will not be served by the statement.
Keep posting!!
Common size statement is prepared for comparing the data of two years, so, when data of only one year is given, we cannot prepare such statement. The basic purpose of comparison in such a case will not be served by the statement.
Keep posting!!