Which of the following statements is not an objective of financial reporting?
A. Provide information that is useful in investment and credit decisions
B. Provide information regarding policy of organisation
C. Provide information that is useful in assessing cash flow prospective
D. None of these
Answer: Option B
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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