Which of the following statements is not an objective of financial reporting?

Provide information that is useful in investment and credit decisions.

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Provide information regarding policy of organisation

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Provide information that is useful in assessing cash flow prospective

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None of these

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Solution

The correct option is B Provide information regarding policy of organisation
They depict not only profits and losses, but even assets and liabilities. Let's take a look at the objectives of financial statements along with their features. They even help readers of these statements know the accounting policies used in them. These statements also provide information relating to the company's cash flows .

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