The forms are produced on standard 8 12 x 11 paper and mailed in a standard privacy tinted window envelope. The Income Tax Department NEVER asks for your PIN numbers passwords or similar access information for credit cards banks or other financial accounts through e-mail. You can also request a transcript by mail by calling […]
Category: Financial Statement
Difference Between Balance Sheet And Profit Loss Statement
The Balance Sheet reveals the entitys financial position whereas the Profit Loss account discloses the entitys financial performance ie. A balance sheet shows what a company owes its long-term investments and its assets while a profit and loss statement does not show these things. If youre doing a yearly PL then the profit and loss […]
Capital Expenditure From Balance Sheet
Because it is an expense capital expenditures can be found as a negative value on a companys cash flow statement for a given accounting period. Capital expenses are recorded as assets on a companys balance sheet rather than as expenses on the income statement. Capital Expenditure Accounting Balance Sheet. A companys assets simply refer to […]
