Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:
Financial statements of a company disclose which of the following?
Options:
Monetary information
Qualitative information
Non-monetary information
All the above
Correct Answer:
Monetary information
Explanation:
Financial statements contain only monetary information but not qualitative information like industrial relations, industrial climate, labour relations, quality of work, etc.