Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following is the element of the financial statements of a company? |
Profit & Loss A/c Balance Sheet Both of these None of these |
| Both of these |
| The financial statements generally include two statements: balance sheet and statement of profit and loss which are required for external reporting and also for internal needs of the management like planning, decision-making and control. Apart from these, there is also a need to know about movements of funds and changes in the financial position of the company. For this purpose, a cash flow statement is prepard. |
