Accounting Manager Question:

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What does financial statement of the company includes?

Accounting Manager Interview Question
Accounting Manager Interview Question

Answer:

Financial statement of the company includes various information like

☛ Balance Sheet ( Assets, liabilities, and equity)
☛ Income statement ( Profit or Loss statement)
☛ Equity statement
☛ Cash flow statement

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Can you list out some of the accrued expenses and the accounts in which you would record them?Mention in simple terms what is the difference between Asset, equity, and liabilities?