d) The information supplied by financial statements are a) Universal b) Complete c) Historical in nature d) None of these

Answers 2

Answer:

d) none of these

Step-by-step explanation:

because universal is not a financial statement may be doubt of b) complete and historical is also not right so I think d is correct

The information supplied by financial statements are historical in nature (option c).

While preparing the financial statements the facts related to the events must be mentioned.
It is based on certain conventions and is recorded on the basis of the order of events.
Since they use the information from the past it is also known by the term Historical statements.
The previous period's performance of the company and the appraisal of the competitors are taken into account during the preparation of financial statements.
The facts that are recorded, the conventions in accounting, personal judgments, etc. are also considered while preparing financial statements.
Certain factors about the company revenues, expenses, profits, and dues are mentioned in the financial statements.

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