0
Grifon Posted 20 years ago
Business & Finance
Hello, accountants and auditors! Maybe you know...
So, I have two questions for you:
1. What are five components of the financial statements?
2. What are typical differences between taxable profit and financial profit?
Thanks.
1. What are five components of the financial statements?
2. What are typical differences between taxable profit and financial profit?
Thanks.
Top answer
There are four major statements: Balance sheet, income statement, statement of cash flows, statement of owner's equity. Is that what you're asking? Difference between taxable profit and financial profit - this is rather broad.
- There are four major statements: Balance sheet, income statement, statement of cash flows, statement of owner's equity.
- Is that what you're asking?
- Difference between taxable profit and financial profit - this is rather broad.
- Accounting for tax purposes and accounting for the purpose of producing financial statements can be quite different.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
1 Answers
0
There are four major statements:
Balance sheet, income statement, statement of cash flows, statement of owner's equity. Is that what you're asking?
Difference between taxable profit and financial profit - this is rather broad. Accounting for tax purposes and accounting for the purpose of producing financial statements can be quite different.
Balance sheet, income statement, statement of cash flows, statement of owner's equity. Is that what you're asking?
Difference between taxable profit and financial profit - this is rather broad. Accounting for tax purposes and accounting for the purpose of producing financial statements can be quite different.
0
Related Questions