Types of Balance Sheet in Accounting Process

Balance sheet in Accounting Process are two types and they are 1. Unclassified balance sheet and 2. Classified Balance Sheet.

Need for Notes to Financial Statements

Notes to the financial statements of a company are shown in three groups. These are structural, adopted principles, other related affairs.

13 Reasons Why Financial Statements are not Entirely Reliable

The financial statements are based on some accounting conventions and concepts which are not easily understandable.

Prepare financial statements from a worksheet

Prepare financial statements from a worksheet is relatively easy because all necessary accounting information are properly presented and structured in the worksheet.

Types of Income Statement and When They are Used

Income Statement are 2 types, Single step income statement and Multiple step income statement for finding net profit or loss an accounting period.

Financial Statements Paints a Picture of a Companies Financial Situation

Financial statements are integrated information of recorded events, accounting conventions and individual judgment capacity.