Which of the following statements are false?
(i) Comparative Financial Statement is an indicator of trend and helps in forecasting.
(ii) In Common Size Financial Statement, 100% is taken as base and all other related amounts are expressed as a percentage of base.
(iii) Analysis through Comparative Financial Statement is also known as Horizontal Analysis.
Choose from the following Options:
1
Both (i) and (iii)
2
Both (ii) and (iii)
3
Both (i) and (ii)
4
All are true