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Question : Which of the following statements is correct?
Option 1: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Non-current Assets.
Option 2: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Current Assets.
Option 3: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Total Assets.
Option 4: While preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of Non-current liabilities.
Question : Cash Flow Statement is based Upon :
Option 1: Accrual basis of accounting
Option 2: Cash basis of accounting
Option 3: Accounting equation
Option 4: None of the above
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