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Balance Sheet
A balance sheet is a statement for presenting an organization financial position at a particular date, mostly at the end of an accounting period; also called a statement of financial position. The balance sheet, which represents a picture at one point in time of an organizations financial standing, shows an organizations resources the amount it owes creditors, and ownership value. Balance sheets categorize organization assets, liabilities, and stockholders' equity according to the following formula:
Assets = liabilities + shareholders' equity
Uses of cash flow statements: The main usefulness of cash flow analysis is that it facilitates the Finance manager to approximation the cash necessities of the firm and match t
Scenario Sara Jones opened a technical consulting business called Hi-Tech For the Future earlier in the year. So far, she has been successful in providing services and selling
preparing trial balance with balance method
Q. What is Current liabilities? Current liabilities are debts due inside one year or one operating cycle whichever is longer. The payment of current liabilities usually require
Q. What do you mean by bookkeeping? Accounting is frequently confused with bookkeeping. Bookkeeping is a mechanical procedure that records the routine economic activities of a
If the amount in supplies expense is the january 31 adjusting entry and $650 of supplies waw purchased in january what was the balance in supplies on january 1
current and non current liabilties
WHAT ARE THE VARIOUS TYPES OF PRIME BOOKS
Q. Seasonality in sales? Based upon its operating record the company believes that its business is seasonal. Excluding the result of net sales, new store openings and earnings
Q. What is journal? In explaining the rules of credit and debit we recorded transactions directly in the accounts. Every ledger (general ledger) account shows only the increase
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