| 1. Government forecasts of receipts and payments for the next year |
| 2. An outline of the results of the last financial year compared with the previous budget estimates |
| 3. Proposed changes in taxes and expenditure allocations |
A) 1 only
B) 1 and 2
C) 3 only
D) 1, 2 and 3
Correct Answer: D
Solution :
Annual financial statement gives various information for the current, last and next year
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