Which type of business is finally obligated to prepare financial statements?

Which type of business is finally obligated to prepare financial statements?

کس قسم کا کاروبار آخرکار مالی بیانات تیار کرنے کا پابند ہے؟
Explanation
  • The type of business finally obligated to prepare financial statements is a Publicly Traded Company.
  • Publicly traded companies have stricter standards for financial statement reporting and must follow Generally Accepted Accounting Principles (GAAP), which requires accrual accounting.