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Introduction to Accounting: Balance Sheet, Cash Flow Statement and Profit and Loss

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Added on  2023-06-13

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This report covers accounting process and functions of a business. It includes detailed description regarding financial statements such as balance sheet, profit and loss statement and cash flow statement in order to evaluate net earnings of the organisation. Grenco Plc. is taken into account to know the financials of the business concern.

Introduction to Accounting: Balance Sheet, Cash Flow Statement and Profit and Loss

   Added on 2023-06-13

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Introduction to
Accounting
Component
Introduction to Accounting: Balance Sheet, Cash Flow Statement and Profit and Loss_1
Executive Summary
The following report covers accounting process and functions of a business. Accounting is
helps in analysing and identifying the Quantitative data. Profit and loss for the specified time
period is calculated by the firm with the help of the accounting. It helps in determining the nature
of a particular component. This report includes detailed description regarding financial
statements such as balance sheet, profit and loss statement and cash flow statement in order to
evaluate net earnings of the organisation.
Introduction to Accounting: Balance Sheet, Cash Flow Statement and Profit and Loss_2
Contents
Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
1. Explain balance sheet, cash flow statement and statement of Profit and Loss. Also explain
the relationship between three.....................................................................................................4
2. Compute P & L Account and also comment on it...................................................................6
3. Analyse the Balance Sheet of previous year and comment on the financial statement...........7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
APPENDIX....................................................................................................................................10
Introduction to Accounting: Balance Sheet, Cash Flow Statement and Profit and Loss_3

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