1 answer

Financial statements are the principal means through which financial information is communicated to those outside an...

Question:

Financial statements are the principal means through which financial information is communicated to those outside an enterprise.

True

False


Answers

ANSWER: True

EXPLANATION:

Management of the company is responsible, accountable to the stakeholders of the company. The financial performance and financial position of the company is communicated to them via financial statements i.e. balance sheet, income statement, cash flow statement etc

.

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