The synonyms of financial statements are? a. Financial analysis b. Financial reports c. Financial statistics d. Financial management

Q: What is the notes to financial statement? Describe its content.

A: Financial statements  consists of profit or loss account, balance sheet,cash flow statement  and…

Q: What is analysis of financial statements?

A: Explain the  meaning of financial statement analysis:Financial statements: Financial statements are…

Q: How is the income statement related to the statement of financial position

A: An income statement is a financial statement which shows the entity's incomes and expenditures over…

Q: Why is the statement of financial position, or balance sheet,a logical place to begin a discussion…

A: Statement of financial position or balance sheet shows the amount of assets or liabilities of the…

Q: what are The elements of financial statements

A: The company's aim will be increase the profits of the company. The income statement of the company…

Q: What measurement attributes are commonly used in financial reporting?

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Which of the following elements of financial statements is most closely related to measurement of…

A: The financial statements comprises of income statement, balance sheet and cash flow statement.…

Q: what are the Measurement bases – elements of financial statements ?

A: Financial statements are the records maintained by the company to record the business transactions…

Q: What exactly is intended by the statement that the financial statements make in their presentation?

A: Introduction: Financial statements are articulated because measures in the balance sheet are…

Q: Which financial statement's structure is closest to that of the basic accounting ?equation

A: Solution: Basic accounting equation represents: Assets = Liabilities + Equity This is the main…

Q: . Explain the main elements of Financial Statements in detail.

A: main elements of financial statements of are - - Assets  - liabilities - equity - incomes - expenses…

Q: w is the use of financial statement ratio

A: Financial ratios are computed by averaging numerical values from financial statements to obtain…

Q: Define the term financial statements?

A: Financial Statements: When the accounting period ends, there is a need to report and communicate the…

Q: How are compensating balances reported in financial statements?

A: Definition: Compensating balance: A compensating balance is a minimum amount of cash that must be…

Q: What is the purpose and concept for each of these financial statements? (Income, Balance and Cash…

A: The financial statements convey the financial performance and financial position of a company. These…

Q: Describe the purpose of financial statements.

A: Definition:   Financial statements: Financial statements are condensed summary of transactions…

Q: What is the General Purpose Financial Statements and describe its purpose

A: General Purpose financial Statements General purpose financial statements are those financial…

Q: What are General Purpose Financial Statements and what are they used for? What are Financial…

A: Financial statements that are distributed to a large number of people are known as general-purpose…

Q: Which of the following is NOT a financial statement?Choose one answer.a. Income statement b. Balance…

A: Financial statements: These refer to the formal or official records of the activities of the…

Q: What are the concepts and formulas of statement of equity and notes to financial statement

A: The statement of owner's equity is a financial statement that reports the adjustments in the equity…

Q: What is a mathematical equation in accounting? Which financial statement contains information on the…

A: This question tells about mathematical equation in accounting and  financial statement contains…

Q: What document are financial statements prepared from?

A: Financial statements are prepared from the records of accounting equation, Journal entries, general…

Q: WHAT IS THE MEANING OF FINANCIAL STATEMENT?

A: Financial statements are the written records of the business activities which show the financial…

Q: WHAT IS THE PURPOSE OF FINANCIAL STATEMENT?

A: Financial statement - are prepared by the management  of a company to convey the performance of the…

Q: Define the term a statement of financial position?

A: International Financial Reporting Standards:   IFRS (International Financial Reporting Standards) is…

Q: Explain what are the elements of financial statements?

A: The elements of financial statements are as follows: Assets Liabilities, Equity, Revenues and…

Q: Who are the basic users of financial statements, and what are the financial ratios that are useful…

A: Financial statements include balance sheet, income statement, statement of changes in owner's…

Q: Questions: What is the importance of preparing financial statements? Enumeraté the complete set of…

A: Financial statements are important because of the following reason:   1. Financial statements…

Q: describe the following financial accounting statements a. Cash flow statement b. Profit and loss…

A: Financial statements are defined as the written records, which used to convey the activities of the…

Q: what is financial statement? and other financial?

A: Financial statements apply to those statements which at the end of accounting period reflect on the…

Q: What Are Financial Statements? Name The Major Financial Statements?

A: Financial Statements are very important documentation of an organisation's financial matters and…

Q: What do the financial statements include?

A: Financial statements are basic as they give significant insights concerning the money related…

Q: What does the concept of objectivity imply for information reported in financial statements?

A: Accounting is a system of information that collects the data, process it and present the data in a…

Q: What are the importance of financial statement? What is the purpose of financial statement?

A: The financial statement is organized summaries of detailed information about the financial positions…

Q: Which of the following represents a form of communication through financial reporting but not tgh…

A: Bookkeeping is the process of preparing and maintaining books of accounts for the business.…

Q: Define the basic elements of financial statements.

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: How to prepare statement of financial position

A: Financial statement is prepared from the trial balance which include :- Profit and loss and…

Q: What are the usefulness of financial statements

A: >Financial statements are the public documents, and are prepared at the end of period as part of…

Q: WHAT ARE THE IMPORTANCE OF FINANCIAL STATEMENTS?

A: Financial Statements are the Statements which records the activities of the business and depicts the…