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How can articulate income statement with balance sheet

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Reference no: EM132545175

Question i. How can you link/articulate income statement with Balance sheet?

Question ii. How will you differentiate nominal accounts from real accounts? Based on it, highlight the differences between adjusted trial balance and after-closing trial balance by giving an example?

Question iii. Explain why the Dividends account is closed directly to the Retained Earnings account.

Question iv. Evaluate different sections of the cash flows statement with an example and enlighten the differences between Direct and Indirect methods in its preparation?

Question v. Highlight the formation of a corporation. Explain the procedural differences between a private company and public limited company during its registration.

Reference no: EM132545175

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