Meaning of Financial Statement Meaning of Financial Statement : Financial statements are summarised reports prepared by a company’s management to present the financial performance and
Cash flow statement is a statement that measures the inflows and outflows of cash and it summarizes the amount of cash and cash equivalents entering
Cash Flow Statements The cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents flowing in or out of
Nature and Classes of Shares Class 12 The nature and classes of share capital can be better understood once one is aware of what a
Uses and Importance of Financial Statements Financial Statements of the Company present the overall financial position/ performance of the company to its owners and the
A company does not exist just by itself. Not only the owners but also various other stakeholders are interested in the functioning and performance of
Financial statements are prepared by a company at the end of the year to ascertain the financial position and profitability of the business and to
Here, Arinjay Academy comes up with Accounting Treatment notes to assist students in preparing for the upcoming exams. Table of Content Category Accountancy Class 12
Settlement of Accounts – Dissolution of a partnership firm leads to cessation of business/ operating activities of the firm. This means that the business is
Ascertaining the Amount Due to Retiring/ Deceased Partner When a partner retires/dies, he becomes eligible to receive any amount due to him on account of
Adjustment for Accumulated Profits and Losses – A partnership firm, instead of transferring its profit to capital accounts of partners at the end of a
Peculiar Items of Non Profit Organisation (NPO) Although a non profit organisation class 12 prepares its financial statements on the same lines as that of