Please explain different between corresponding figure and comparative f.s with example..in current year financial statement not included of previous year financial statement amount in case of comparative financial statement?

2 answers

Ravi Staff September 3, 2018

Hello Ashish
It is not possible to explain these topics on this platform with examples, i will have to write many paras to explain, it is advisable that you first see videos for the same, as i said earlier i cannot teach through it, i can clear doubts arising after watching videos.
Still trying to explain , wont be able to do it every time.
In Short
Previous Year Data = Comparatives
It can be given in 2 approaches

  1. If its given in adequate detail, just like current year —> Comparative FINANCIAL STATEMENT Approach (Previous Year Data is Like Separate Financial Statement)
  2. If its not in adequate detail —> Corresponding Figures Approach (Just like additional figures given in financial statements)

    Further didnt understand last 2 lines of your question ?

 
 

#1
Ravi Staff September 3, 2018

Hello Ashish
It is not possible to explain these topics on this platform with examples, i will have to write many paras to explain, it is advisable that you first see videos for the same, as i said earlier i cannot teach through it, i can clear doubts arising after watching videos.
Still trying to explain , wont be able to do it every time.
In Short
Previous Year Data = Comparatives
It can be given in 2 approaches

  1. If its given in adequate detail, just like current year —> Comparative FINANCIAL STATEMENT Approach (Previous Year Data is Like Separate Financial Statement)
  2. If its not in adequate detail —> Corresponding Figures Approach (Just like additional figures given in financial statements)

    Further didnt understand last 2 lines of your question ?

 
 

#2

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