The separate legal entity concept underpins the accounting equation as the latter summarizes ... The document produced is known as a balance sheet and represents a freeze frame of what the business ...

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 ...

Stocks to avoid have three things in common: "poor balance sheets ... quick test is to divide the interest expense in the profit and loss account into year-end debt and multiply by 100.

The cash flow statement is linked to the income statement by net profit or net loss ... results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts ...

Can you make your own profit and loss statement? After entering your sales and expenses into QuickBooks, Peachtree or the like, the software will generate a P&L statement for you. However, you can ...