To find the percent of increase or decrease of an item in a comparative balance sheet you use the formula: % change = amount of change/base (new year).

Name: To find the percent of increase or decrease of an item in a comparative balance sheet you use the formula: % change = amount of change/base (new year).
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

The correct formula for percent change is: % change = (amount of change / base (old year)) x 100. The base is the original amount, not the new year.

To Find the Percent of Increase or Decrease of an Item