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प्रश्न
Short Answer Question
State the importance of financial statement to creditors.
उत्तर
Creditors are those individuals and organisations to whom a business owes money on account of credit purchases of goods and services. Hence, the creditors require information about the credit worthiness and liquidity position of the business.
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संबंधित प्रश्न
Short Answer Question
State the importance of financial statements to investors.
Long Answer Question
Explain in detail about the significance of the financial statements
Under which line item of the financial statements following items will be shown:
(i) Sales;
(ii) Loss on Sale of Vehicle;
(iii) Debentures;
(iv) Unamortised Loss on Issue of Debentures (to be written off within 12 months of the date of Balance Sheet);
(v) Encashable Leave Payable at the Time of Retirement;
(vi) Tax Reserve;
(vii) Carriage on Purchases of Stock-in-Trade; and
(viii) Telephone and Internet Expenses?
What are the importance of financial statement?
Short Answer Question
State the importance of financial statement to shareholders.
Short Answer Question
State the importance of financial statement to government.
