CALVINDOL
VIP Contributor
There are several financial records and documented every business must endeavour to have whether the business has been established in large-scale or in small scale . Some of this financial records of a business include the business balance sheet , the business income statements , and also the business cash flow . The business income statement is particularly or rather known as the business profit and loss book documents , it totally speculates what are the business is absolutely making profit or is not even making profit at all . A business income statement is usually tabulated into two parts with a subheading known as profit and losses and at the end of a particular year the income statement document is absolutely aggregated and then the final amount will later be analysed in order to know what are the businesses absolutely making profits or losses .
The balance sheets of a particular business is also another document that is always analysed at the end of any business working year . The business balance sheet respectfully is used to know the financial standing of the business . And most importantly it is used to know the business assets and properties and also the depreciation of the business assets there by knowing which assets that need to be replaced and which one that need to be sold off .
The balance sheets of a particular business is also another document that is always analysed at the end of any business working year . The business balance sheet respectfully is used to know the financial standing of the business . And most importantly it is used to know the business assets and properties and also the depreciation of the business assets there by knowing which assets that need to be replaced and which one that need to be sold off .