Practice question

MCQ

Question

How are financial statements beneficial to owners of a company? (i) Financial statements report the performance of the management to the shareholders. (ii) The gaps between the management performance and ownership expectations can be understood with the help of financial statements.

Choose one · Correct answer highlighted

Only (i) Only (ii) Both (i) and (ii) Correct Neither (i) nor (ii)

Both (i) and (ii) financial statements correct; Schedule III format Companies Act 2013.

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