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What are three primary consideration to consider prior to preparation of financial statement?

Financial Projections Financial Reporting Analytical Skills
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Question added by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date Posted: 2016/02/03
Upvote (0) Views (8) Followers (5) Answers (4) Report Question
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Rakesh Jaju
by Rakesh Jaju , Manager Finance & Operations , National Entertainment Company Tarfeeh LC

Generally accepted fundamental accounting assumptions: a. Going Concern b. Consistency c. Accrual

Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

 Rakesh Jaju  has given a good answer above

mohamed el wekel
by mohamed el wekel , المشتريات , البارون

1 Financial Analyst2/3 shareholders

Arlene Digno
by Arlene Digno , Personal Assistant cum Operations Coordinator , ADVANCED INTERNATIONAL EMPLOYMENT SERVICES LLC

It is shows the Financial performance of your business reflects when sales are made and when financial are incurred. By the below three element it illustrate how much the company makes or loses.

 

1. Revenue

2. Expenses

3. Capital

 

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