What are the main purpose and benefits of a financial statement worksheet
*Do not need a min word count, does not need to be in APA Format!*
DQ#1
In preparing the four primary financial statements, in what order must the statement be prepared? Explain why.?
DQ# 2
What are the main purpose and benefits of a financial statement worksheet?
…………………Answer preview……………………….
Financial statements show the financial performance of an organization. They must, therefore, be prepared in a sequence. The reason behind the preparation in a sequence it’s because information from one statement is required in the next. Preparation of financial statements should start with an income statement, followed by the statement of retained earnings, balance sheet and finally the statement of cash flows. Each of the financial statements presents its unique information………………………………………………….
APA
285 words
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