Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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 |
Post New Answer View All Answers
in what circumstances it is mandatory to calculate the goodwill.
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
There is no item category assigned to account
Explain what makes a successful account manager?
on what rate depreciation will be calculated?
Is it mandatory for the employees staff of a School, if so give details
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
how to pass journal entries for reverse tax on input tax paid
How you can adjust entries into account?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
Tell me what is gaap?
Tell me what is accrual accounting?
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
