Fiscal year
Cash is the main transaction in an accounting , it will affect from period to period in financial statement
Fiscal year
what are the problems that a company experiencing a period of severe financial difficulties?
Financial period start 1st april and end in the 31st march of next year. in the end of year find out profit and loss. some industries have long financial period it's depend up on the industies work period
What is finacial report measures results for a period of time?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
An entrepreneur of the colonial period was a merchant who took financial risks to invest in colonization.
skuks as
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
The financial report that covers a period of time is the income statement, also known as the profit and loss statement. It summarizes a company's revenues, expenses, and profits or losses over a specific period, such as a quarter or a year. This report helps stakeholders assess the company's financial performance during that time frame.
Horizontal analysis for financial statements involves comparing financial data over a period of time to identify trends and changes. To do this, you would calculate the percentage change in each line item from one period to the next. This helps to assess the company's performance and financial health over time.