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This gives you information regarding how To guage the way in which a company is going. The financial statements are offered for a specific time frame and submitted on a particular day. The earnings statement provide you with the final results for your operating and non running intervals whilst the equilibrium sheet gives the economic position for the summary of the about his economical time period. Since supervisors are keen to know if the small business is progressing in a positive or unfavorable way, there needs to be a comparison involving the figures of the present 12 months and former years. To permit you to make this kind of comparison, a comparative Examination of economic statements is required.
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