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Question
What are the objectives of preparing financial statements?
What are the objectives of preparing financial statements?
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Solution
The basic objectives of preparing financial statements are:
(a) To present a true and fair view of the financial performance of the business.
(b) To present a true and fair view of the financial position of the business.
The basic objectives of preparing financial statements are:
(a) To present a true and fair view of the financial performance of the business.
(b) To present a true and fair view of the financial position of the business.
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