Accounting for IGCSE & O level - Final Statements (Section 2 - No. 17)
Financial statements are prepared to calculate and beyond the profit and value of a business at the end of each accounting year. What else do they do?
Help determine the value of business investments.
Assess profitability and debt.
Determine the value of business investments.
Calculate the company's sales.
Explanation
Financial statements are used to determine the value and profitability of the business and help assess its debts, so the first three options are the correct answers.
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