Home
Class 11
ACCOUNTS
What are the objectives of preparing fin...

What are the objectives of preparing financial statements ?

Text Solution

Verified by Experts

The basic objectives of getting ready money statements are:
(a) To gift a real and truthful read of the money performance of the business.
(b) To gift a real and truthful read of the money position of the business.
Doubtnut Promotions Banner Mobile Dark
|

Topper's Solved these Questions

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise LONG ANSWERS|4 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise NUMERICAL QUESTIONS|15 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-II|4 Videos

  • DEPRECIATION , PROVISIONS AND RESERVES

    NCERT|Exercise NUMERICAL PROBLEMS|22 Videos

  • FINANCIAL STATEMENTS - II

    NCERT|Exercise TEST YOUR UNDERSTANDING|5 Videos

Similar Questions

Explore conceptually related problems

What is the objective of preparing an Account ?

Why is Cash Flow Statement prepared? Or What is the objective of preparing a Cash Flow Statement? Or State the primary objective of preparing Cash Flow Statement.

Knowledge Check

  • Main objective of analysis of financial statements is

    A
    To know the financial strength
    B
    To make a comparative study with other firms
    C
    To know the effciency of management
    D
    All of the Above

    • Similar Questions

    Explore conceptually related problems

    What are the main objectives of financial management ? Briefly explain.

    At the time of preparing the financial statements, Drawings Account is transferred to capital account .Is it correct?

    What are the main objectives of financial management? Briefly explain.

    What are Financial Statements ?

    State any two objectives of 'Analysis' of Financial Statements'. Or State any two objectives of Financial Statement Analysis. Or State the objectives of 'Analysis of Financial Statement'. Or What is meant by 'Analysis of Financial Statement'? State any two objectives of such an analysis.

    Objectives Of Analysis Of Financial Statement

    State any two objectives of preparing 'Cash Flow Statement'.

    Home
    Profile