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Accurate accounting information plays an important role in decision-making in any area of business, including the provision of leasing services. Therefore, an important factor in the development of leasing is the complete preparation of financial statements of the activities of the lessor and the lessee and the reliable reflection of the financial condition and financial results of the activities of these participants. The general purpose of financial statements is to provide information about an organization's financial condition, financial results and cash flows that are useful in making managerial decisions. Financial statements also show the results of management of resources entrusted to the management of the organization.
Hayk H. Harutyunyan (Thu,) studied this question.