Question

nature of financial statements

Answer 1

Answer:

Please mark it as brainlist

Nature and objective of financial statements. The financial statements of a company reflect a true picture of its financial performances. They depict not only profits and losses, but even assets and liabilities. It is only at the end of all accounting processes that we can generate financial statements.

Answer 2

Answer:

Nature of financial statement are

1.Recorded Facts

2.Accounting Conventions

3.Personal Judgements