Financial State...

Financial statements can be used by ___________.

An audit of joint stock companies is conducted to ______________.

A contingent asset is a possible asset that arises from__________ the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the enterprise.  

Final accounts of companies are prepared according to ______of the Companies Act, 2013.

Which of the following is a limitation of financial statements?

____________ may develop standard ratios and design uniform system of accounts.

Retained earnings will change over time because of several factors. Which of the following factors would explain an increase in retained earnings?

Financial statements are prepared on the basis of _________ cost.

The investors include both ________ and _________ investors under basis for prospective investors.

Trade associations may analyse the financial statements for the purpose of providing service and protection to the _________.