3 Replies
Bhanu
(hyderabad)
(1653 Points)
Replied 19 October 2018
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.
It reveals profit or loss for a given period,( through p and l statement) and the value and nature of a firm's assets, liabilities and owners' equity( through balancesheet)
It reveals profit or loss for a given period,( through p and l statement) and the value and nature of a firm's assets, liabilities and owners' equity( through balancesheet)
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