Balance Sheet || Preparation of Financial Statements || Bcis Notes
Balance Sheet A balance sheet is a financial statement that reports a company’s assets, liabilities, and shareholders’ equity at a specific point in time, and […]
Preparation of Financial Statements
Statement of retained || Preparation of financial statements || Bcis Notes
Statement of retained The statement of retained earnings (retained earnings statement) is a financial statement that outlines the changes in retained earnings for a company […]
Revenues || Preparation of Financial Statements || Bcis Notes
Revenues Revenues are the income generated from normal business operations and include discounts and deductions for returned merchandise. It is the top line or gross […]
Income Statement || Preparation of Financial Statements || Bcis Notes
Income Statement An income statement is a financial statement that shows you the company’s income and expenditures. It also shows whether a company is making […]