In common size statement of profit and loss and balance sheet what will be the base year ??
Dear Student,
Generally, the base year for preparing common size statements is the previous financial year. For example - For Year 2019-20120 common size statements are to be prepared,then Year 2018-2019 will be taken as Base Year.
Regards.
Generally, the base year for preparing common size statements is the previous financial year. For example - For Year 2019-20120 common size statements are to be prepared,then Year 2018-2019 will be taken as Base Year.
Regards.