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The balance sheet classification that reports the obligations of the company?
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∙ 13y ago
Liabilities
Wiki User
∙ 13y ago
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What reports a company's financial position?
It's the Balance Sheet.
What are the classification of technical report?
what is a classification of reports
What is an accountant duties?
An accountant is supposed to prepare the financial books of a company. He is also supposed to prepare accurate reports regarding payroll, inventory and the cash or bank balance of the company.
What accounting assumption or principle is being violated if a company reports its corporate headquarters building at its fair value on the balance sheet?
historical cost
Balance sheet reports the condition of the business?
A balance sheet, also called a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement are used to identify/gauge a company's financial status or position. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.
Classification of business reports?
wala moy pulos tanan
What is finalization of accounts?
Finalization of accounts is to prepare financial reports along with comparision and brefing of company's financial reports include (Income Statement, Cash flows, Balance Sheet, Statement Chages in Equity, Policies and disclousers) .
What is final accountant?
Finalization of accounts is to prepare financial reports along with comparision and brefing of company's financial reports include (Income Statement, Cash flows, Balance Sheet, Statement Chages in Equity, Policies and disclousers) .
Do majority shareholder investors of a company usually get daily reports from the company?
Yes, majority sharholders of a company usually get daily reports from the company. This does vary from company to company.
What reports alerts you to errors in your books?
trial balance
What are the advantages and disadvantages of using company reports?
One of the advantages of using company reports include: management are able to assess the company's progress vs to the plan (know as a forecast). One disadvantage of company reports is, it is time consuming. Advantages outweighs the disadvantages and is recommend to use company reports.
What are P and L reports?
Could be 'Profit and Loss' reports for a Company.
