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Why may the financial information in a trial balance not be up-to-date and complete?
Wiki User
∙ 10y ago
Adjustments still have to be made on the trial balance.
Wiki User
∙ 10y ago
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Which financial statement would provide best information to answer banker's questions?
balance sheet
What financial statement is most likely to provide information about a company's ability to repay debt?
Statement of financial position (Balance sheet)
What financial statement is most likely to provide information about a company ability to repay debt?
Statement of financial position (Balance sheet)
What are benefits to a financial balance sheet?
What are benefits to a financial balance sheet?
What is the difference between balance sheet and financial statement if there is any........?
Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..
Difference between balance sheet and consolidated balance sheet?
Simple balance sheet provides information of one single company only while consolidated balance sheet provides the information of parent as well as child company as a single financial statement.
How do you get my balance?
What is my balance for my financial aid
What are the limitations of a statement of cash flow?
Cash flow statements just as the Income Statement and Balance Sheet are prepared using historical information which is in the past. It therefore does not provide complete information to assess the future cash flows of an entity. Cash flow statements just as the Income Statement and Balance Sheet are prepared using historical information which is in the past. It therefore does not provide complete information to assess the future cash flows of an entity.
What are the importance of balance sheet?
The balance sheet is important because it provides the information needed for tracking the financial process of a business. It gives the owners an easier and quicker way to handle their capabilities and financial strengths within their business.
Which financial statement would provide the best information to know the amount of the business's owner equity?
balance sheet
What is financial performance?
Financial performance analysis is the method of correctly establishing the relationship between the profit and loss account and the things on the balance sheet. The information is used to identify the financial weaknesses and strengths of a firm.
What is the difference between a general ledger and a trial Balance?
A general ledger shows complete financial transactions over the life of a company. The trial balance just shows debits and credits of the business.
