| Assertion [A] : |
| Vertical or static Analysis is made to review and analyse the financial statements of one year only, to compare the performance of other firms of the same type or divisions or departments of one firm. |
| Reason [R]: |
| It is a Time Series Analysis |
| Choose the Correct Option from the following: |
A) Assertion and Reason both are correct and Reason is the correct explanation of assertion
B) Assertion and Reason both are correct but Reason is not correct explanation of assertion
C) Only Assertion is correct.
D) Reason is correct but Assertion is not correct
Correct Answer: C
Solution :
Only Assertion is correct.
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