what is a financial statement

Answer Posted / kumar n

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 ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

A----------involves transfer of money or moneys worth from one person to another

1434


example of SOP

1513


how to maintain stock if any entry mismatch pllzz tell me short cut

1066


describe how accuracy in trial balance is a prime objective for preparing the financial statements?

1586


Clasify Loss

1613






Example for extra ordinary expenditure?

2240


What is money measurement concept

1671


What is Insider Trading ?

1710


Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

1583


Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

1589


WHAT IS INTEGRAL ACCOUNTING

1776


What does my credit score mean?

1493


What type of questions in accouting point of respect they ask genrally plz help me find out this.

1600


which is the combine entry in ERP?

1839


Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance

1554