Chapter 9: Financial Statements of a Company

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Financial statements must show:

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Non-current assets are:

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Current assets are:

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Assets include:

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Equity & Liabilities include:

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Main sections are:

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Balance Sheet has:

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Format is prescribed in:

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Balance Sheet shows:

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Balance Sheet is prepared:

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They are:

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Financial statements are:

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They ignore:

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Financial statements are:

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Based on:

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They ignore:

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They are affected by:

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Limitation includes:

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They are:

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Financial statements are based on:

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Financial statements aid:

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Help evaluate:

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Provide information on:

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Financial statements are:

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Help in:

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Useful for:

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Provide info about:

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Help in:

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Basis for:

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They are useful for granting:

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Financial statements are useful for:

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They help assess:

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They help in predicting:

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Financial statements provide information about:

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Main objective is:

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Financial statements are:

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Which is NOT a user?

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Financial statements help in:

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Main users include:

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Financial statements include:

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Which Act governs company financial statements?

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Financial statements are:

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Statement of Profit & Loss shows:

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Balance Sheet shows:

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Financial statements are expressed in:

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Financial statements are based on:

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Financial statements are prepared:

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Which is NOT a financial statement?

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Financial statements are:

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Financial statements are prepared to:

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