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You are a senior accountant of Ramona enterprises limited what three steps would you take to make your company's financial statements understandable and decision useful?

Posted by Anshu Pal 4 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 4 years, 1 month ago

The three steps would be
1. Reliability, i.e Verifiability,Faithfulness,Neutrality
2. Relevance, i.e, Timeliness
3. Understandability and Comparability.

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