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Which of the following is/are not the objectives of the Financial Statements of a company? (i) It provide information about the economic resources and obligations of a business. - Accounts

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Question

Which of the following is/are not the objectives of the Financial Statements of a company?

  1. It provide information about the economic resources and obligations of a business.
  2. To provide information about the aptitude of the human resources.
  3. To provide information about the cash flow.
  4. To judge the efficiency/effectiveness of the management.
  5. To provide information about the activities of the business affecting the society.

Choose the most appropriate answer from the options given below:

Options

  • (ii) & (iii) only.

  • (ii) only.

  • (iv) only.

  • (ii) & (v) only.

MCQ
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Solution

(ii) & (v) only.

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Chapter 10: Financial Statements Analysis - OBJECTIVE TYPE QUESTIONS [Page 10.13]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 10 Financial Statements Analysis
OBJECTIVE TYPE QUESTIONS | Q A. 25. | Page 10.13
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