Q.
1
- Financial statements are only interim reports
- Financial Statements are prepared on the basis of realizable values
- The preparation of financial statements is not an ultimate aim.
- Certain assumptions are necessary to prepare financial statements.
Which of the following combinations consists of all true statements?
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A
1, 2 and 3
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B
2, 3 and 4
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C
1, 3 and 4
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D
1, 2 and 4