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none, a company cannot afford to make financial statements on a daily basis.
Usually companies keep track of daily "changes" via a general ledger. When the company needs to create financial statements they post and close the general ledger temporary accounts and make trial balances, adjusted trial balances, closed trial balances and finally the financial statements such as Income statement, balance sheet, Statement of retained earnings, and finally a cash flow statement.
What else can I help you with?
What is parta system?
Parta is the financial performance monitoring system for any organization which indicates Profit/Loss on daily basis. This helps in keeping a track of the organization on a daily basis.
What do you call a financial budget that estimates cash flows on daily basis or weekly basis to ensure that the company can meet its obligations?
A cash budget.
What task do RN perform on the daily basis?
What task does RNs do on a daily basis? What task does RNs do on a daily basis?
What challenges do you face on a daily basis?
Some challenges I face on a daily basis include managing my time effectively, staying focused amidst distractions, and adapting to unexpected changes or problems that arise throughout the day.
How do you determine foreign exchange?
Foreign Exchange rates vary on a daily basis. You can check them in newspapers, on financial websites, or in a bank.
What are the percentage of price changes in aluminum for the past four years?
The price of aluminum, like other metals or scrap metals, changes on a daily basis.
What is brass worth in PA?
The price of brass, like other metals or scrap metals, changes on a daily basis.
What is the value of solid brass?
The price of brass, like other metals or scrap metals, changes on a daily basis.
Important of financial accounting in an organization?
Financial accounting is very important in an organization. It helps track and account incoming and outgoing funds and balance the books on a daily, weekly or monthly basis.
What is the world price of zinc alloy?
The price of zinc, like other metals or scrap metals, changes on a daily basis.
What does a platypus do on a daily basis?
On a daily basis, a platypus swims and hunts for food in the water.
Is there a website where I can track the price of gold on a daily basis?
You can track the price of gold on a daily basis by consulting online investment sites like Yahoo! Finance and Money.CNN.com. You can also check the previous day's closing price of gold in the Wall Street Journal and other financial publications
