Value-Added Tax is commonly known as VAT. VAT is an indirect tax on the consumption of goods and services in the economy. Revenue is raised for government by requiring certain businesses to register and to charge VAT on the taxable supplies of goods and services....
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Financial Management
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Methods or Tools of Analysis and Interpretations
The following are the various techniques can be adopted for the analysis and interpretations of financial statements. Comparative Financial Statements. Common Size Statements. Trend Analysis. Ratio Analysis. Fund Flow Analysis. Cash Flow Analysis. Comparative...
Rearrangement of Income Statements
Financial statements should be rearranged for proper analysis and interpretations of these statements. It enables to measure the performance of operational efficiency and profitability of a concern during particular period. The items of operation revenues,...
Analysis and Interpretations of Financial Statements
Presentation of financial statements is the important part of accounting process. To provide more meaningful information to enable the owners, investors, creditors or users of financial statements to evaluate the operational efficiency of the concern during the...
Nature of Financial Statements
Financial Statements are prepared on the basis of business transactions recorded in the books of Original Entry or Subsidiary Books, Ledger, and Trial Balance. Recording the transactions in the books of primary entry supported by document proofs such as Vouchers,...