Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:
Which of the following is NOT considered while preparing the Financial Statements of a concern?
Options:
Accounting Concepts
Accounting Conventions
Requirement of Laws
None of the above.
Correct Answer:
None of the above.
Explanation:
Thus, financial statements are the summarised reports of recorded facts and are prepared the following accounting concepts, conventions and requirements of Law.