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Common size and comparative

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Common size and comparative

Posted by Kadan Long 2 years, 10 months ago

ICSE & ISC > Class 12 > Accountancy

1 answers

Sia ? 2 years, 10 months ago

Basis of Difference	Comparative	Common Size
Meaning	The comparative statements are that statement which shows the comparison between the component of the financial statement of the business for the period of more the two years	The Common-Size statement is that statement which shows the percentage to a common base of all accounts of the financial statement of the business for the period of more than two years.
Base of Comparison	In this, the value of the basis year compared with the value of the current year.	In this, the value of the current year compared with the current year.
Number of Years required	Minimum Financial Statements of two years are required.	The financial Statement of One year is required.
Results expressed in	The results are expressed in the pictorial as well as percentage form.	The results are expressed in the percentage form.
Type of Comparision included	It included both types of Intra and inter-firm comparison.	It included only inter-firm comparison.
Helps in	It helps in the decision making for the management for future planning.	It helps the stakeholder in the decision of the investment.
Useful in	It is useful to compare the current year results with the prevision year.	It is useful to compare the current year results with its competitors’ results.

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