what is a financial statement

Answer Posted / bijay parida

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 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to do the finalise of account? what is the step? why we need to do like that?

1571


what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.

1635


What is payment/receipt/period accruals?

1276


in which group under we will open donation and hamali weekly payment account or ledger

1592


Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa

1617






Explain significance of Nastro and Vastro in accounts?

3587


joint venture?

1776


company accounts introduction?

2212


differences between liabilities and assessts

3427


What is 100% EOu? what is the benifit and what is difficulty of it?

1686


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1516


What is Mean By FRS for HQ reporting, How To Prepare?

1622


How do you handle lack of direction or working in chaos

1578


What are the rates of Depreciation? Like machinery items, wooden items?

1547


What is the mening of uidnvhe.?

2452