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Primary purpose of balance sheet is to show the overall performance of business from inception to til date.
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∙ 9y ago
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What is a vechile in balance sheet?
Vehicle is a fixed assets used in business for operations purpose so it is shown under fixed asset portion of balance sheet.
What is the purpose of inventory reserve estimates at balance sheet date?
How can be anticipate inventory
What is the Purpose of Post-Closing Trial Balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
The balance sheet shows whether or not the firm achieved its primary objective of earning a profit?
False
Difference between on balance sheet financing and off balance sheet financing?
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
What are the two primary activities of the financial manager that are related to the firms balance sheet?
what are the two primary activities of the financial manager that are related to the firm's balance sheet
What is purpose of balance sheet?
Main purpose of balance sheet is to show the overall performance of business from it;s inception to till date.
What are the two primary activities of the financial manager that are related to the firm's balance sheet?
what are the two primary activities of the financial manager that are related to the firm's balance sheet
What is the purpose of account receivable?
you can received the account in balance sheet.
What is a vechile in balance sheet?
Vehicle is a fixed assets used in business for operations purpose so it is shown under fixed asset portion of balance sheet.
What is the purpose of inventory reserve estimates at balance sheet date?
How can be anticipate inventory
What is the Purpose of the post-closing trial balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
What is the Purpose of Post-Closing Trial Balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
Purpose of the post- closing trial balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
What is the primary purpose of substantive analytical procedures?
the primary purpose of substantive analytical procedures is to provide evidence as to the validity of an account balance.
The balance sheet shows whether or not the firm achieved its primary objective of earning a profit?
False
What is the primary ledger containing all the balance sheet and income statement accounts is the?
General Ledger
