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Question Practice

Which of the following statements accurately reflects the role of personal judgments in financial statements?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Financial Statements of a Company
Question Bank

Which of the following stateme...

Single Answer MCQ
Q-00082604

Which of the following statements accurately reflects the role of personal judgments in financial statements?

1

They remove all uncertainties.

2

They are exclusively based on quantitative data.

3

They help estimate values and make provisions.

4

They should not be used in accounting.

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