Question

state the nature of financial statement​

Answer 1

Answer:

The financial statements are prepared using the facts concerning financial events, which are recorded sequentially. We need to initially record every one of these financial transactions. At that point, we need to process them utilizing every single material rules and methods. At last, we would now be able to utilize this information to produce financial statements.

In view of this comprehension, the nature of financial statements relies upon the accompanying focuses.

hope it is helpful to you...