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Consider the following statements with regard to the objectives of Accounting Reports:
(i) The objective needs to be defined clearly specifying the user type.
(ii) The report can be incomplete and of rigid style.
(iii) It should provide the relevant information to manipulate the database.
(iv) Its needs have analysed the ending and suggestions.
Q. Identify the correct statement/statements:
  • a)
    (i) and (iii)
  • b)
    (ii) and (iv)
  • c)
    (i), (iii) and (iv)
  • d)
    (i), (ii), (iii) and (iv)
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with regard to the objectives of Ac...
The objective of financial reporting is to track, analyse and report your business income. The purpose of these reports is to examine resource usage, cash flow, business performance and the financial health of the business. This helps you and your investors make informed decisions about how to manage the business.
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Consider the following statements with regard to the objectives of Accounting Reports:(i) The objective needs to be defined clearly specifying the user type.(ii) The report can be incomplete and of rigid style.(iii) It should provide the relevant information to manipulate the database.(iv) Its needs have analysed the ending and suggestions.Q. Identify the correct statement/statements:a)(i) and (iii)b)(ii) and (iv)c)(i), (iii) and (iv)d)(i), (ii), (iii) and (iv)Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements with regard to the objectives of Accounting Reports:(i) The objective needs to be defined clearly specifying the user type.(ii) The report can be incomplete and of rigid style.(iii) It should provide the relevant information to manipulate the database.(iv) Its needs have analysed the ending and suggestions.Q. Identify the correct statement/statements:a)(i) and (iii)b)(ii) and (iv)c)(i), (iii) and (iv)d)(i), (ii), (iii) and (iv)Correct answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Consider the following statements with regard to the objectives of Accounting Reports:(i) The objective needs to be defined clearly specifying the user type.(ii) The report can be incomplete and of rigid style.(iii) It should provide the relevant information to manipulate the database.(iv) Its needs have analysed the ending and suggestions.Q. Identify the correct statement/statements:a)(i) and (iii)b)(ii) and (iv)c)(i), (iii) and (iv)d)(i), (ii), (iii) and (iv)Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with regard to the objectives of Accounting Reports:(i) The objective needs to be defined clearly specifying the user type.(ii) The report can be incomplete and of rigid style.(iii) It should provide the relevant information to manipulate the database.(iv) Its needs have analysed the ending and suggestions.Q. Identify the correct statement/statements:a)(i) and (iii)b)(ii) and (iv)c)(i), (iii) and (iv)d)(i), (ii), (iii) and (iv)Correct answer is option 'C'. Can you explain this answer?.
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