Financial Statements Question: Download Financial Statements PDF
Do you know Balance Sheet?
Answer:
Balance Sheet : is a position statement as it refers to a particular date. It is also referred to as Statement of Sources and Application of Funds. It informs about the various sources used by the organization which are technically known as liabilities to raise the funds which are referred as assets.
| Previous Question | Next Question |
| Explain how can the analysis of financial statements be carried out? | Explain Profitability Statement? |