What is the primary objective of the financial statements of a company to its users?

Help in getting loans Help in decision making Help in earning cash flow All of above

Help in decision making

Financial statements are the basic sources of information to the shareholders and other external parties for understanding the profitability and financial position of any business concern. They provide information about the results of the business concern during a specified period of time in terms of assets and liabilities, which provide the basis for taking decisions. Thus, the primary objective of financial statements is to assist users in their decision-making.