describe the following financial accounting statements a. Cash flow statement b. Profit and loss statement C.balance sheet

Q: An area of information that shows a company's ability to manage its assets, such as inventory and…

A: Financial ratios are used to measure the performance of the company. The types of financial ratios…

Q: Explain how to present financial statement.

A:

Q: Explain and provide examples for what is measured on a balance sheet.

A: Answer: Balance sheet is one of part of financial statements that represent the statement of net…

Q: What are the basic financial statements? Explain in detail.

A: Fiscal summaries ar put down accounts that pass on the business exercises & thusly an…

Q: What does the balance sheet statements summarize?

A: This financial statement reports a company’s resources (assets) and claims of creditors…

Q: Identify and fully explain any FOUR qualitative characteristics of useful financial information.

A: Lets understand the basics. Financial information means a information which is denominated in the…

Q: What items are disclosed on a balance sheet

A: Balance Sheet : Balance Sheet is a financial statement that reports/ is a summary of company's…

Q: Define financial statements.

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

Q: Define notes to financial statements including what they indicate.

A: Any report of the financial situation or of the financial results of the operations of a…

Q: 1. Example evaluation of financial statement.

A: Introduction:- Financial statement analysis is used to evaluate business performance. Financial…

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

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

Q: Information about the financial performance of an entity is primarily provided in the: A. Statement…

A: Income statement is prepared to show the financial Performance of the organisation after analysing…

Q: What advantage do you see in compiling financial data into standardized statements like the Income…

A: Standardized statements also acknowledged as financial statements, these statements such as balance…

Q: How to complete a balance sheet note

A: Current assets are items of value owned by your business that will be converted into cash within one…

Q: An income statement is sometimes called thea. statement of financial position.b. owners’ equity…

A:

Q: Financial system is important in balances the total financial assets to total liabilities. Explain.

A: A financial system is a collection of entities that allow the exchange of funds, such as banks,…

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: Steps and illustration on how to come up with a income statement account and statement of financial…

A: Income statement is the statement in which net income for the firm is ascertained by deducting the…

Q: relationship among balance sheet, cash flow sheet and income statement

A: Relationship among balance sheet, statement of cash flow sheet, and income statement as…

Q: Describe the points how to prepare financial statements.

A: Financial Statement:   It refers to the records of an organisation that reports the business…

Q: Examine the link between the income statement, the statement of retained profits, and the balance…

A: Financial statements prepared by the business organizations include income statements, Financial…

Q: Define preparation of financial statements

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

Q: The elements of financial statements which relate to measuring financial performance are a. Income,…

A: The elements of financial statements are Assets, Liabilities, Revenue, Expenses, and…

Q: Which financial statement is the first to be prepared?    statement of shareholders' equity…

A: The preparation of financial statements is a critical aspect of financial reporting for a company.…

Q: component of financial statement

A: Financial statement is the final result of recording accounting transactions into records. It…

Q: A primary focus of financial reporting about a company's performance during an accounting period is…

A: b. Income Statement = An Income Statement is one of the financial statements of a company and shows…

Q: How are operating items projected on financial statements?

A: Solution:- Operating expenses are indirect expenses which includes selling, distribution, admin…

Q: Accounting measurement is the computation of.......... Select one : a . All the other points b .…

A: Accounting is the process of identifying, recording, classifying, summarising and circulating…

Q: Define the following. a. Retained earnings? b. Goodwill? c. Investing activities?

A: a. Retained earnings: The amount of earnings undistributed as dividends to the stockholders is…

Q: How do REA and ER diagrams support financial statements?

A: REA diagram: REA diagram is a method utilized to implement the association among events, agents and…