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Why is it important for public relations and financial reasons to be sure all entries are posted to monthly statements correctly?
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Why is it important for public relations and financial reasons to be sure all entries are posted to monthly statement correctly?
Why is it important, for public relations and financial reasons, to be sure all entries are posted to monthly statements correctly?
How is auditing distinguishable from bookkeeping and accounting?
Think of it this way, bookkeeping and accounting are putting things together (the financial statements). Auditing, is ripping it apart. I want to look at the finished product (the financial statements) and work backward to see how you put them together and if you did it correctly.
What do you think is the major purpose of financial statements?
the objective is to evaluate and report a company's fianancial performance fairly and correctly and provide useful imformation for internal and external users for decision making.
Which part of the elements of financial statements does sales belong to?
If I understand your question correctly, sales is revenue, which is part of owner's equity. So you would use that amount in your income statement, and your trial balance (if you use one).
