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No need to explain just i need option Which of the following statement is correct? i. Commercial bank is a Banking Financial Institution ii. Insurance

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Which of the following statement is correct? i. Commercial bank is a Banking Financial Institution ii. Insurance Company is a Non-Banking Financial Institution Only i Both i and ii are incorrect Both i and ii are correc Only ii Which of the following statement can help us understand the strength and weakness of the concern? a. Balance Sheet b. Statement of changes in owner's equity c. Income Statement d. Statement of cash flows The analysis of which of the statements detects changes in a company's performance and highlights trends ? None O Comparative Cost Statements Comparative Financial Statements Comparative Sales Performance Which of the following statements reflects the operational position of the firm during a particular period? a. Statement of changes in owner's equity . b. Income Statement c. Statement of cash flows d. Balance Sheet Following information is given for NizCol LLC a small firm situated in Nizwa: All figures are in OMR Current Assets = 1000 Current Liabilities = 250 What is the Current Ratio ? 2:1 3:1 4:1 5:1

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