How was the financial position controlled in states?
Answers
Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management discussion and analysis:[2]
A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time.
An income statement—or profit and loss report (P&L report), or statement of comprehensive income, or statement of revenue & expense—reports on a company's income, expenses, and profits over a stated period of time. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period.
The state were closely associated with peasants, traders and brahamanass the resource were obtained from producer they were compelled to surrender a part of what they produce the trader had to play revenue the functionaries for collecting revenue were generally from in fluential families and position were often hereditary
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