3 Questions
What is the main purpose of financial statements?
To provide information about the financial performance and position of a company
Which financial statement shows the revenues and expenses over a period of time?
Income statement
What is the purpose of a balance sheet?
To provide a snapshot of a company's financial position at a specific point in time
Test your knowledge of Class 11 Financial Statements with this quiz. Explore the main purpose of financial statements, identify the financial statement that displays revenues and expenses over a period, and understand the significance of a balance sheet. Sharpen your understanding of financial reporting and analysis with this quiz.
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