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What is the difference between general purpose financial reports and special purpose financial reports?
Wiki User
∙ 9y ago
General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoGeneral purpose financial reports mainly used by management for taking ordinary business decisions
but special purpose financial reports used for taking special decisions
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