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Question
what is a financial statement
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is a financial statement
Answer
# 1
A written report which quantitatively describes the 
financial health of a company. This includes an income 
statement and a balance sheet, and often also includes a 
cash flow statement. Financial statements are usually 
compiled on a quarterly and annual basis.
 
Is This Answer Correct ?    9 Yes 3 No
Venkat From Lb College,waranga
 
  Re: what is a financial statement
Answer
# 2
financial statement shows the financial position of the 
company this statement includes P&L a/c and Balance sheet 
of the company
 
Is This Answer Correct ?    15 Yes 2 No
Amir
 
 
 
  Re: what is a financial statement
Answer
# 3
it is a statement which states the financial possion of the 
company by cosadearing p\l & balance sheet.
 
Is This Answer Correct ?    4 Yes 2 No
Sudhakar
 
  Re: what is a financial statement
Answer
# 4
the staement which can furnished the detail about the 
income and expenditure and assets and liability position of 
the company or an organisation
 
Is This Answer Correct ?    2 Yes 1 No
Bijay Parida
 
  Re: what is a financial statement
Answer
# 5
The Statement which shows all the financial position of the 
company like Income & Expenditure, Cash flow, Fund flow etc.
 
Is This Answer Correct ?    1 Yes 2 No
Prabhash
 
  Re: what is a financial statement
Answer
# 6
In British English, including United Kingdom company law, 
financial statements are often referred to as accounts, 
although the term financial statements is also used, 
particularly by accountants.

Financial statements provide an overview of a business' 
financial condition in both short and long term. All the 
relevant financial information of a business enterprise, 
presented in a structured manner and in a form easy to 
understand, are called the financial statements
 
Is This Answer Correct ?    0 Yes 0 No
Kumar N
 
  Re: what is a financial statement
Answer
# 7
Fnancial statement includes P/L account and Balance sheet 
of the company, the P/L A/C shows profit or loss of the 
company and balance sheet shows financial position of the 
company.
 
Is This Answer Correct ?    0 Yes 0 No
Gafar Basha Shaik
 

 
 
 
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Is Goodwill a Intangible or Fictitious Asset ?  3
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Expand-------MRR  1
Expand ------HH Wipro1
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What will be the journal entry of provision for income tax in the financial year . Genpact9
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what is reconciliation ?  2
Whether is there vacancy for the post of Accountant?  1
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Anybody please tell me which software course is better for accounting at presint?  1
 
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