An annual report is furnished by a company to its :
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
Directors
B
Auditors
C
Shareholders
D
Management
Correct Answer
Shareholders
Detailed Explanation
Directors , Auditors and management can be the shareholders of the company so the basic purpose of financial statement is to serve its SHAREHOLDERS.
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More CUET Questions
1
Identify the correct sequence to be followed at the time of Retirement of a Partner :
(A) New Balance Sheet after Retirement
(B) Transferring balance to Retiring partner's Loan Account
(C) Calculation Gaining/Sacrificing Ratio
(D) Partners' Capital Account
(E) Preparation of Revaluation Account
Choose the correct answer from the options given below:
(
2
On retirement/ death of a partner, the remaining partners who have gained due to change in
profit sharing ratio should compensate the :
(
3
Debentures issued for consideration other than cash includes, debentures :
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(B) Issued to vendor
(C) Issued to Public
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(E) Issued for cash
Choose the correct answer from the options given below :
(
4
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