Accounting For Managers - Accounting Process
Preparation Of Financial Statements
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Now everything is set ready for the preparation of financial statements for the accounting period and as of the last day of the accounting period. Generally agreed accounting principles (gaap) require that three such reports be prepared:
(i) a balance sheet
(ii) a profit and loss account (or) income statement
(iii) a fund
flow statement
Tags : Accounting For Managers - Accounting Process
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