Notes to financial statements
An article in Dun's Review made the following comments: "At least every other year, businesses should print the notes in big type and the financial figures in smaller ones."
Instructions
a) Are notes considered part of the financial statements and what basic purpose do they serve?
b) What are the general types of notes?

Question

Quizplus · Accepted Answer

The Answer of Notes to financial statements
An article in Dun's Review made the following comments: "At least every other year, businesses should print the notes in big type and the financial figures in smaller ones."
Instructions
a) Are notes considered part of the financial statements and what basic purpose do they serve?
b) What are the general types of notes?

Notes to Financial Statements