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Assertion (A): In a common-size statement of profit & loss figure of revenue
Accountancy
Common Size Statements
Question
Updated
19 Aug 2026
Assertion (A): In a common-size statement of profit & loss figure of revenue from operations is assumed to be equal to 100. Reason (R): In a common-size balance sheet share capital is assumed to be equal to 100.
A
Choose Your Answer
A
Both (A) and (R) are true, but (R) is not the correct explanation of (A).
B
Both (A) and (R) are true and (R) is the correct explanation of (A).
C
Both (A) and (R) are false.
D
is true, but (R) is false.
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