Financial Statements-An Introduction

Items in the Balance Sheet

Balance sheet is a financial statement so it should give much information as possible to the users of the balance sheet. The items in the…
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Drawings

Drawings in Accounting – Definition and Explanation: Drawings are the amounts taken by the owner of a business for his personal use in anticipation of…
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Accounting Period

What is an Accounting Period/Reporting Period?  Definition and Explanation: Accounting period (reporting period) is that period for which the organization ascertains its profit or loss. It…
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