Which of the following statement is not true?
A. All the limitations of financial statements are applicable to financial statement analysis also.
B. Financial statement analysis is only the means and not an end.
C. Expert knowledge is not required in analyzing the financial statements
D. Interpretation of the analysed data involves personal judgment.
Answer:C
Which of the following statement is not true?
A. All the limitations of financial statements are applicable to financial statement analysis also. B. Financial statement analysis is only the means and not an end. C. Expert knowledge is not required in analyzing the financial statements D. Interpretation of the analysed data involves personal judgment.