Objectives Of Financial Statements:
- To provide reliable information about economic resources and obligations of a business and other needed information about changes in such resources or obligations.
- To provide reliable information about changes in net resource [resources less obligations] arising out of business activities and financial information that assits in estimating the earning potentials of business.
- To disclose to the extent possible, other information related to the financial statements that is relevant to the needs of the users of these statements.
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