Abstract: The purpose of company accounts is to present information about a company's affairs in financial terms and they should enable the reader to answer two very basic questions about it — first, how has it managed its affairs over a period of time? and second, what is its current financial situation? To be able to answer these questions information is needed about such things as the company's level of sales, the costs it has incurred, the profit it has made, how much money it has and from where it has obtained its finance.
Publication Year: 1996
Publication Date: 1996-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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