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An example of the company's auditors periodically review the usefulness and the loss of a month, quarter or a fiscal measure, and publish the results in a profit and loss statement as it is called the profit and loss account. These statements include items such as accounts receivable (what should the Company) and liabilities (what should the company). It can also be very complex issues such as retained earnings and accelerated depreciation. From the highest levels of accounting and organization. Most of the affected accounts, but the simple accounting. This is the procedure for payment of any transaction in any bill due every penny and every dollar spent minutes and collected. But the owners of the millions of individual owners or shareholders, most of the summaries of these transactions in the financial statements. The financial statement that summarizes the assets of the company. The value of an investment is what is the cost of acquisition in the first place. The financial statements and records what the sources of assets. Some assets as loans are repaid. Earnings are also an asset of the company. As a double entry for the obligations referred to are also summarized. Of course, a company that wants to make the largest amount of assets, liabilities and showed a profit. The management of these two elements is the essence of accounting. It is a system for doing so, not all companies or individuals can develop their own systems of accounting, the result would be chaos! George S. is a freelance writer, you can read more of his jobs about Used Jeeps For Sale, Recycled Glass Countertops and Red Monkey Jeans
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