what is a financial statement
Answers were Sorted based on User's Feedback
Answer / viswanatha reddy
Every company issues their financial statement at the end of
each fiscal or financial year. These documents provide a
summary of all revenue and expenses incurred by the business
during this period. The audience for the financial
statements includes company officers, investors, creditors,
and customers.
A typical financial statement is comprised of three separate
reports: income statement, balance sheet, and cash flow.
These three documents provide a detailed view into company
operations, volume of sales and overall management. In a
publicly traded company, an independent accounting firm
reviews these statements and an opinion on the accuracy of
these reports is provided. This is called an audit opinion
statement and is used to provide assurance that the
company’s records are accurate.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / sudhir kudu
financial statement say the actual possion of the company
of privious financial year . in summerised manner with the
halp of financial statement we take the proper dicision for
feture period
| Is This Answer Correct ? | 3 Yes | 1 No |
what is BRS? How to prepare it?
What is investment banking?
what is BRS and how it is prepared in BPO sector?? Please answer fast.....
5 Answers EXL, FIS, Genpact, Riscure,
SALES BOOK IS A PART OF
if rent paid by the head office of their branch than what would the accounting enrty and why?
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
what is difference between rebate and discount? generally in bill of exchange accounting
What was your most complicated sales cycle in past positions?
paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own residnce what will be the entry
3 Answers Chartered Accountant,
Define dual aspect term in accounting?
Difference Between Revenue & Capital Expenditure Give an Example of each ?
What is mutual fund what is derivatives what is capital market what is TDS.breifly