P2 C4 ANALISIS OF FINANCIAL STATEMENT — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C4 ANALISIS OF FINANCIAL STATEMENT1 Mark
Question
How the utility of financial statements can be increases?
✓
Answer
Financial statements are prepared on the basis of the principles and rules of accounting and in predetermined form.
So that the financial accounts represent results with consistence base for the better understanding, financial statements are presented in rearranged form.
Due to this process the utility of financial statements increases. '
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