Accounting is the preparation of financial statements of the company. The process begins with book-keeping, which is to record the company's business transactions.
The financial statements are reports that allow interested parties to evaluate the profitability and solvency of a business.
These reports include the following financial statements :
The financial statements are reports that allow interested parties to evaluate the profitability and solvency of a business.
These reports include the following financial statements :
- Balance Sheet;
- Income Statement;
- Statement of Owner's Equity;
- Statement of Cash Flow.