Skip to main content

WHAT IS FINACIAL STATEMENT?

Financial Statement - Class 12 Account

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. A Financial statement includes:

  • Balance sheet – It is a report of a company’s financial worth in terms of book value.
  • Income statement – This breaks down the revenue a company earned against the expenses involved in its business to provide net income profit or loss.
  • Cash flow statement – it is used to analyze the value of a company.

Investors and financial analysts rely on financial data to analyze the performance of a company and make predictions about its future direction of the company’s stock price.
The Balance Sheet provides an overview of a company’s assets, liabilities, and owner’s or stockholders’ equity on a given date. The date at the top of the balance sheet tells you when the snapshot was taken, which is generally the end of the fiscal year.

Get CBSE Class 12 Online Classes for & video lectures Accounts and other subjects which is according to NCERT Class 12 Accountancy syllabus. We also provide NCERT SOLUTIONS for Class 6 – 12.

Labels:

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Last Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam

Last-Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam 1. Don’t read any new topic at the last moment · Try to avoid studying any new topic at the last moment. Just revise what you have already studied. 2. Don’t forget your Admit Card, Photograph and ID Proof · Take a print out of your admit card and original photo identity proof, 1 photo and photocopy of the ID proof. Reach the examination center before time to avoid any last-minute trouble. 3. Maintain your Speed & Accuracy and Maximize your Score · Speed and Accuracy are two important factors to crack any competitive exam. Speed will help in maximizing the attempts while accuracy will ensure that you don’t end up losing marks as the negative marking of 0.5 marks for wrong answers is there. 4. Attempt according to the strategy you followed in the mock tests · Make sure you attempt the easier section first. The exam should be attempted with the same strategy you fol...
4 comments
Read more

Online cbse coaching class for 11 Mathematics

Online cbse Class 11 maths : Online coaching classes for 11 maths  and for other subjects. We are here to solve students problem instantly, So that they can improve himself/herself. One to One Correspondence and Equivalent Sets Suppose the members of the family are dinning and plates are prepared on the table then there is a One to one correspondence between the set of family members and the plates prepared. We will indicate this correspondence by the symbol If each element of a set A is associated with one and only one element of a set B and each element of B is associated with one and only one element of set A, then the sets A and B are said to be in one to one correspondence. If both the sets are finite and if they are in one to one correspondence, it is obvious that they have the same number of elements. If two sets have the same number of elements, they are said to be equivalent sets. Using symbol, we write A B. Between two equivalent sets, a one to one corr...
Post a Comment
Read more

Digital marketing course online and class

Digital marketing course online and class Students and professionals, both are searching for the  digital marketing courses . Generally, the problem occurs in selecting the best  digital marketing course  is – as students and professionals, both have different requirements. Few search for a regular course, some want an additional qualification, or just to improve their skills. On the other hand, every institute has its own pros and cons, learner requirements are not easily matched with the institute’s pattern and regulations. So, they are willing to join some online course as they can learn anytime and anywhere. In India, another challenge is language. Like in North India, Majority of students understands Hindi and they want to do a digital marketing course in Hindi. Finding a good trainer who can teach you in Hindi is very difficult. But this type of course, practical knowledge and getting answers to questions, from a trainer is not so easy. Continue .... ...
Post a Comment
Read more