Financial Statements Are Prepared And Presented To The Users Of Accounts For Planing,control And Decision Making.

mo take inary Statements be Prep ard and Presented to the Users of Accounts for Planning , Control and polish off MakingINTRODUCTIONThe business organizations especially those with stocks listed in the London Stock meet in are required to produce the monetary affirmations . The Financial statements are composed of the balance sheet income statement and the statement of change flows . These financial statements are used by many parties . quadruplet of the parties that are interested to obtain the financial statements are the customers , the suppliers , the creditors and the union . The financial statements are also produced to comply with statutes and different laws that the coupled Kingdom government approves1 )Compare and contrast the information provided by the 3 main financial statements (15The balance sheet shows that financial sic of the company . The financial position is based on the normal : Assets Liabilities plus Capital . The assets are the resources that the company owns .

The assets imply the specie , accounts receivables , inventory , office supplies office equipment , land , buildings , mill equipment , rake equipment , marketable securities and other assets . The liabilities comprise the amounts that the company is induce to tolerate in the future The liabilities include the accounts payable and the notes payables and the large marches liabilities . The capital is includes the investments plus the net income less the net dismissal and less the withdra! wals . The balance sheet is an important instrumental role for finding making . The debt to equity ratio used by decision makers to know whether the total...If you want to get a intact essay, bon ton it on our website: BestEssayCheap.com

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