In the preparation and presentation of financial

Solution

Notes to Accounts are an integral part of financial statements. They provide essential details, explanations, and supplementary information that help users of the financial statements understand the figures presented in the primary financial documents (such as the balance sheet, income statement, and cash flow statement). These notes disclose significant accounting policies, explain figures in the financial statements, and provide context and additional data that are crucial for a comprehensive analysis of the company's financial health.