Advertisements
Advertisements
प्रश्न
Short Answer Question
State the importance of financial statement to government.
उत्तर
Government needs information to determine various macroeconomic variables such as national income, GDP, industrial growth, etc. The accounting information assist the government in the formulation of various policies measures and to address various economic problems such as unemployment, poverty, etc.
APPEARS IN
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 creditors.
