Home › CUET UG › accountancy › Analysis of Financial Statements › In financial analysis, 'interpretation' means:
In financial analysis, 'interpretation' means:
Aclassifying the raw data
Bpreparing vouchers
Cexplaining the meaning and significance of the data
Drecording transactions
Answer & Solution
Correct answer: C. explaining the meaning and significance of the data
Interpretation explains the meaning and significance of the analysed data; without it, analysis is useless.
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