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what is a financial statement
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Answer / amir
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 ? | 21 Yes | 2 No |
Answer / venkat from lb college,waranga
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 ? | 13 Yes | 3 No |
Answer / sudhakar
it is a statement which states the financial possion of the
company by cosadearing p\l & balance sheet.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / 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 |
Answer / 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 |
Answer / gafar basha shaik
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 |
Answer / dharmendar singh rawat
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 ? | 0 Yes | 0 No |
Answer / remya
Financial statement is preparing to know the financial
postion of the company
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / fahmeeda banu
Finacial statement is a record of Business transactions
which includes Profit and loss account and balance
sheet ... showing the cash flow and fund flow of the
company with the financial position for a given period of
time .
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ajay kumar
It Shows The Financial Position Of The Business Or Organisation, Both Includes p&l A/c & Balance Sheet.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is t.d.s ?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
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Audit 
