Find out the areas where personal judgement is involved while preparing financial statements (a) Rent payment (b) Stock - Accountancy - Cash Flow Statement

Question

Find out the areas where personal judgement is involved while
preparing financial statements ? (a) Rent payment (b) Stock
valuation (c) Depreciation (d) Both (b) and (c)

Kashish Keshwani · Accepted Answer

Dear Student,
Correct option is (d)
Personal Judgement is involved in stock valuation as well as
depreciation because it depends on organization which method of
stock valuation or depreciation they'll be using for their
organization
Regards

Find out the areas where personal judgement is involved while preparing financial statements ? (a) Rent payment (b) Stock valuation (c) Depreciation (d) Both (b) and (c)