Mcqs Clouds
mcqsclouds.com

Which of the following is true about financial statements?

A) Financial statement gives a summary of accounts.
B) Financial statements can be stated as recorded facts.

A. Only A

B. Only B

C. Both A and B

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above