Question

Information in finacial reports is based on


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Answer 1

Explanation:

The financial transactions help to measure the exact estimates and approximation in accounting of a business. Therefore, the information used in the financial reports is based on the financial transactions and past events that have occurred already.$<marquee><h1><fontcolor=green>$ Hope it helps.......

Answer 2

Answer:

The information used in the financial reports s based on the financial transactions.

Explanation :- A financial transactions refers to the exchange of value. The financial transactions help to measure the exact estimates and approximation in accounting of a business.

Explanation:

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