Financial statements are historical reports of what has taken place financially in a business.

Name: Financial statements are historical reports of what has taken place financially in a business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Financial statements summarize and report what has happened financially in a business over a specific period of time. They are based on historical financial data and provide insights into the company's financial health and performance.

Financial Statements Are Historical Reports of What Has Taken Place