Question

Describe the use of notes to account with example.​

Answer 1

Notes to accounts help users of accounting information to understand the current financial position of a company and act as a support for its estimated future performance. ... The information supplied depends on the accounting standards used such as IFRS or GAAP.

Answer 2

Answer:

Notes to accounts help users of accounting information to understand the current financial position of a company and act as a support for its estimated future performance. ... The information supplied depends on the accounting standards used such as IFRS or GAAP.