Financial Statements provide the information about financial position, performance, and cash flows of an enterprise this helps in various decisions for the users. The Financial Statements are like the Performance Card of the entities.
source https://www.caclubindia.com/articles/financial-statements-for-non-corporate-entities-47744.asp
source https://www.caclubindia.com/articles/financial-statements-for-non-corporate-entities-47744.asp
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