Which of the following is true about financial statements?
A-Financial statement gives a summary of accounts.
B- Financial statements can be stated asrecorded facts.
A) only a
B) only b
C) both a and b
D) none of the above
Correct Answer:
Verified
Q1: Business finance includes........
A)procurement of funds and utilization
Q2: Funds are required for the..........
A)purchase of land
Q3: Which report gives a review on the
Q4: The term 'Financial Statement' covers
A)profit & loss
Q6: Subtracting all expenses from revenues yields?
A)net profit
Q7: Balance sheet of a company is required
Q8: As per Companies Act, the Balance Sheet
Q9: Which of the following is not required
Q10: According to prescribed order of assets in
Q11: Calls in Arrears appear in a Company's
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