( ) Accounting Entrepreneur has to arrange to prepare trading and profit and loss account in order to know the profit or loss incurred out of operation of the business and prepare balance sheet to know the financial status of business at a particular day. Besides, cash flow and fund flow statements are prepared to ensure the adequacy of funds and cash for meeting various working capital needs of the business.
📖 generic · 12th TN - English Medium · COMMERCE · Page 223poem
(3) Accounting
Chapter 8: 8. Reappraisal of Objectives · COMMERCE
Related topics
Have a question about this topic?
Get an AI answer grounded in your actual textbook — with the exact page reference.
Ask AI about this topic →