In the financial Statement Trend analysis is significant for ____________.
In the financial Statement Trend analysis is significant for profit planning.
Trend analysis is the process of studying a series of ratios for a company and/or industry over time.
Trend analysis is also an important tool for the analysis and interpretation of financial statements. The trend means tendency in general terms.
The Comparative Financial Statements study changes which have occurred in each item of the Balance sheet and Profit and Loss Account within a period of two years but do not indicate the trend of progress during past years.