Q.
1

(a) Analysis and interpretation of financial statements, is a function of accounting

(b) Profit and loss account is prepared for ascertaining financial position of a firm.

(c) Goodwill is a wasting asset

(d) Balance Sheet is prepared for ascertaining financial position of a firm.

Select the correct answer using the codes given below:

  • A

    (a) and (b)

  • B

    (a) and (c) 

  • C

    (a) and (d)

  • D

    (b) and (c)