Accountancy, asked by rajputraj40, 7 months ago

information in financial reports is based on.......

Answers

Answered by ItzRiya07

3

Explanation:

A financial transaction refers to the exchange of value. ... 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.

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