Wednesday, June 23, 2010

Comparative figure

There are two (2) ways to get comparative figures (usually comparative figures are previous year figures) into the current period report or statements :

1. Manually enter the relevant amounts, or,
2. Copy the relevant sheet into the file and use formula to extract the figures.

Usually comparative figures are included in the following main reports or statements of current accounting period :

1. Balance Sheet.
2. Profit & Loss statement.



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