What is a Balance Sheet? Recall that a balance sheet is a financial snapshot which shows the current health of the business as measured in terms of its assets and liabilities. Assets include items ...

The separate legal entity concept underpins the accounting equation as the latter summarizes what the business owns and owes, but most investors would not be impressed if the total record they ...

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow. The first ...

The Reserve Bank of India (RBI) has released draft formats for the financial statements of co-operative banks, updating the ...

Small business owners must deal with numerous accounting reports to monitor their business’s finances and ensure its financial health. Profit and loss statements, accounts receivable aging reports and ...

Reviewed by Charlene Rhinehart Fact checked by David Rubin The balance sheet, income statement, and cash flow statement are ...

RBI stated today that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the ...