wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

__________ is prepared to meet the requirements of financial users.

A
Financial Statements
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Trial Balance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Cash Flow Statements
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Financial Statements
At the end of every financial year, books of account of the firm are closed to prepare the financial statement. Financial statement are prepared to know the profitability of the firm and the financial position of the firm on a particular date. Below are the financial statements:
Trading and Profit & Loss Account
Balance Sheet
Fund Flow Statement

Financial statements are prepared to meed the requirement of financial users which includes owner, investors, lenders, creditors etc.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Overview of Accounting Processing
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon