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BASIC FINANCIAL ACCOUNTING REVIEW Form

BASIC FINANCIAL ACCOUNTING REVIEW Form

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three most frequently asked accounting interview questions wear a shirt today you know being the last day and on one of the most frequently asked accounting interview questions is if you have only one financial statement to choose which financial statement which would you choose to give you the most information on the business I've heard this question many times before and I think the answer is statement of cash flows the reason is if you look at the P&L statement alone you won't be able to tell what is the cash position or the debt of the company carries if you look at the balance sheet alone you can tell what what the cash position is what is the bed position is but you can't tell anything about the actual health of the performance in terms of profit and loss if you look at the statement of cash flows it really has all the information you need because it begins with net income and then it goes on to detail cash from operating activities and then it goe

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