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What is the full form of "AFS"?

A. Accounting Finalise Statement

B. Annual Foreign Stock

C. Annual Financial Statement

D. Active Financial Security

Answer: Option C

Solution(By Examveda Team)

Annual financial statements are financial reports based on a 12 month consecutive time period. The most common set of financials are based on the calendar year, but they can also be based on a company's fiscal year.

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