Question

State true of false :

Financial statements are an effective weapon in the lands of management.

• A. True
• B. False

Answer 1

The correct option is A True

Financial statements are an effective weapon in the lands of management as it provide various financial information that investors, creditors and analysts use to evaluate a company's financial performance. Much of the information presented in a financial report is required by law or by accounting standards. It is an important company management as a means of communicating past success as well as future expectations.