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Click here for all Finance Questions and Answers. You must be logged in to post a comment. This job is complicated and requires specific knowledge about the method. Hence all companies big or small need some amount of professional accounting help. The main aim of a business enterprise is to make profits.
It has a set of expenditures and sources of income. Detailed record of all these have to be kept in order to understand how much profit or loss the company is making. These detailed records are maintained in an organized manner which give a clear picture of the economic condition of the company and are referred to as financial statement of the company. The key components of Financial Statement are -.
All the people associated with a particular company need to know about the performance of the company - this includes the administrators, the managers and executives, the investors, the other enterprises who do business with the company and the people employed by the company.
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