Banks being specialized enterprises are not distinct from any business form except for their roles as financial intermediaries. Underlying their unique functions, and behind their secured bricks and ...
Final accounts show the financial health of a business and are useful to owners/investors, banks, the government, staff, and management. Statement of financial position (balance sheet) shows the value ...
Company's typically prepare several financial statements that cumulatively show the financial position. They include the income statement, balance sheet, cash flow statement and owners' equity ...
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