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Preparation of Statement of Profit and Loss

Important dis...

Question

Important disclosures and description about any particular item of Financial Statement is shown in ______.

A

General Ledger Accounts

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B

Income Statement

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C

Notes To The Financial Statements

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D

None of these

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Solution

The correct option is C
Notes To The Financial Statements

Important disclosures and description about any particular item of Financial Statement is shown in Notes To The Financial Statements.

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