Category: Financial Statement

Trial Balance And Final Accounts

If the sum of debits does not equal the sum of credits an error has occurred and must be located. This means that it states the total for each asset liability equity revenue expense gain and loss account. Part of Final Project Workbook – Trial Balance account cash baking supplies merchandise inventory fifo prepaid rent […]

Retail Income Statement

Cost of retail sales exclusive of depreciation shown separately below 9231. A merchandising company engages in the purchase and resale of tangible goods. Often referred to as your stores financial reports by a banker these statements report on the history of your business and. Whats Included in a Retail PL Statement. Get the detailed quarterlyannual […]