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Statement of Financial Condition for Businesses REV 484 FormsPublications

Statement of Financial Condition for Businesses REV 484 FormsPublications

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Instructions and help about corporation proprietor sole

hi everyone today we are going to see five elements of financial statements number one asset number two liability number three Equity number four income or revenue and final one is expense why we are calling these are the elements of financial statement it's really simple these other thing are shown face of the financial statement asset liability and equity goes to the balance sheet and it shows financial position another side income and expense goes to the statement of profit and loss it shows financial performance Cash basis of statement go through the assets

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