This set out the financial position of a business at particular time limit. It also reveals the types through which the wealth of the business is held and the way much wealth is held in each type. Accounts payable ledger – this data of products and services that you’ve purchased on credit from suppliers. A stability sheet is called so because it lists all assets owned by the corporate and reveals that it is equal to the sum of all liabilities and the equity steadiness. Financing Activities: Represents money stream generated or spent on raising and repaying share capital and debt together with the payments of curiosity and dividends.
Comments may have a beige background. Every remark could have a particular direction for that cell, may be a reminder of something the author believes important, or may have some additional information about the accounting subject. The cells and formulation in … Read More