7. Financial statements portray the financial effects of transactions and other events by grouping them into broad

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7. "Financial statements portray the financial effects of transactions and other events by grouping them into broad classes according to their economic characteristics." Discuss the nature of financial effects of transactions portrayed in financial statements.

What are the broad classes of those transactions?

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Financial Statement Analysis

ISBN: 9781642875119

1st Edition

Authors: Sujit Sikidar, H. C. Gautam

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