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Financial statement tells reader about business

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Reference no: EM133227725

1. Name the three financial statements prepared by a paralegal business at the end of the financial year.

2. Identify what information appears on the financial statement?

3. Identify where the information used to create the statement comes from?

4. Explain what the financial statement tells a reader about the business?

5. Identify three types of special journals used by paralegal businesses.

6. For each of the special journals identified, above, explain what information is recorded in the special journal?. Please be specific.

7. Explain one benefit of using the special journals identified above.

Reference no: EM133227725

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