Download App

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
MCQ
What is the first objective of the financial statement?
  • A
    To know the financial position of the business entity.
  • ✓
    To know the profit or loss of the business entity.
  • C
    To know the cash flow position of the business entity.
  • D
    None of these given
✓

Answer

Correct option: B.
To know the profit or loss of the business entity.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P2 C4 ANALISIS OF FINANCIAL STATEMENT→P2 C4 ANALISIS OF FINANCIAL STATEMENT — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

The long term solvancy of the business is presented by $..........$ analysis.
→
To which account excess amount of share forfeiture account is to be transferred?
→
Which of the following is included in financial expense ?
→
Admission of a partner is
→
How many activities are there in cash-flow statement ?
→
At the end of the year where will you transfer drawings accounts in fixed capital account method?
→
Retiring partner's capital $\mathrm{A} / \mathrm{c}$ Dr.
To Profit and loss suspense $\mathrm{A} / \mathrm{c}$
This entry shows
→
What is the debit balance of trading account?
→
Which of the following is shown on the debit side of profit and loss appropriation account?
→
To arrive at liquid assets which of the following is deducted from current assets ?
→