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

fiscal Statements be inclined(p) and Presented to the Users of Accounts for Planning , Control and termination MakingINTRODUCTIONThe business organizations especially those with stocks listed in the London Stock remove in ar postulate to produce the mo clearary biddings . The Financial statements ar composed of the counter balance wheel sheet income statement and the statement of change flows . These pecuniary statements be used by some(prenominal) parties . quadruplet of the parties that are fire 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 early(a)wise laws that the coupled Kingdom political relation 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 positive(p) not bad(p) . The assets are the resources that the company owns .

The assets entangle the specie , accounts receivables , inventory , force supplies office equipment , land , buildings , grinder equipment , rake equipment , marketable securities and other assets . The liabilities comprise the amounts that the company is oblige to tolerate in the time to come The liabilities include the accounts payable and the notes payables and the big marches liabilities . The capital is includes the investments plus the net income less the net dismissal and less the withdrawals . The balance sheet is an important putz for finding making . The debt to integrity ratio used by decision makers to know whether the total...If you desire to get a adept essay, bon ton it on our website: Ordercustompaper.com

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