Interpretation means
A)explanation of meaning and significance of the data in financial statements.
B)concerned with preparation and presentation of classified data
C)systematic analysis of recorded data
D)methodical classification of data given in financial statements.

Question

Quizplus · Accepted Answer

Interpretation in the context of financial statements refers to the explanation of the meaning and significance of the data presented in those statements. It involves analyzing the financial information to understand the financial health and performance of an entity.

Interpretation Means