Write the essential qualities of a good Financial Statement. (any three) Answer... MP Board Class-12 BOOK KEEPING AND ACCOUNTANCY question answer collection

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Que : 79. Write the essential qualities of a good Financial Statement. (any three)
Answer: Thus, To meet the needs of these parties, the financial statement should have the following qualities. (i) Relevance. (ii) Comparability. (iii) Understandability. (iv) Completeness. (v) Accuracy. (vi) Promptness. (vii) Reliability.

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