Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:

An annual report is furnished by a company to its :

Options:

Directors

Auditors

Shareholders

Management

Correct Answer:

Shareholders

Explanation:

The annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. It is a comprehensive overview of the company's performance over the past year, and it is an important tool for investors to use when making decisions about whether to buy, sell, or hold their shares in the company.