Accountancy, asked by aulakhr35, 4 months ago

which accounts are created according to the financial statements mean ​

Answers

Answered by priyadarsini33
6

The list of each account a company owns is typically shown in the order the accounts appear in its financial statements. That means that balance sheet accounts, assets, liabilities, and shareholders' equity are listed first, followed by accounts in the income statement — revenues and expenses.

Explanation:

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Answered by ifratgul333
0

Answer:

Financial statements are written records that convey the business activities and the financial performance of a company. The balance sheet provides an overview of assets, liabilities, and stockholders' equity as a snapshot in time.

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