Question

Write the utilities or importance of financial statements. ​

Answer 1

Answer:

Financial statements basically reflect a company's financial performances. They show profits and liabilities of the business. They show how successful a company's decisions have been. Since shareholders have access to these statements, they can gauge their company's performance.

Answer 2

Explanation:

Financial statements basically reflect a company's financial performances. They show profits and liabilities of the business. They show how successful a company's decisions have been. Since shareholders have access to these statements, they can gauge their company's performance.