What is the new name for Balance Sheet?

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Question ajoutée par Ferdinand Flores , Accountant , SAF Concrete Blocks Manufacturing LLC
Date de publication: 2017/07/05

Apprécier (0) Vues (27) Suiveurs (6) Réponses (6) Report Question

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The new name for Balance Sheet is "Statement of Financial Position"

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Statement of Financial Position

What are the effects of creating provision for doubtful debts on the balance sheet ?
Top Answer: <p>I agree with Mr Khalid Noor, because the booking of the provision will be:</p> <p>&l ... Voir Plus

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How are the income statement and balance sheet linked?
Top Answer: I think the answer is D. Net income from the income statement transfers to the balance sheet equity secti ... Voir Plus

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Does balance sheet shows current period profit & loss ?
Top Answer: yes it is included in the retained earning Voir Plus

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Do anyone know what are the 4 sections of Balance sheet and how Balance Sheet is tallied with this 4 sections?
Top Answer: The four sections of balance sheet are;1. Assets2. Liabilities3. Owner equity (OE)4. Increase or decrease ... Voir Plus

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