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What is the primary purpose of a financial statement, as per the definition under Section 129 of the Companies Act, 2013?a)To list all financial transactions of the company.b)To showcase the company's profit and loss.c)To provide an overview of the company's balance sheet.d)To give a true and fair view of the company's financial state and performance.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary purpose of a financial statement, as per the definition under Section 129 of the Companies Act, 2013?a)To list all financial transactions of the company.b)To showcase the company's profit and loss.c)To provide an overview of the company's balance sheet.d)To give a true and fair view of the company's financial state and performance.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of a financial statement, as per the definition under Section 129 of the Companies Act, 2013?a)To list all financial transactions of the company.b)To showcase the company's profit and loss.c)To provide an overview of the company's balance sheet.d)To give a true and fair view of the company's financial state and performance.Correct answer is option 'D'. Can you explain this answer?.

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