excel accounting template

Income Statement is a report to measure the company’s financial performance during particular accounting period. This report reflects the company’s operating activities. According to Van Horne and Wachowicz (2005: 193), the income statement is a summary of the company’s revenues and expenses over a certain period, concluded by net profit or loss for that period. […]

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Balance sheet is one important financial for every company. Accounting people creates this report at the end of accounting period. They create this report together with other important financial reports, income statement, equity report and cash flow statement. Balance sheet will present all the assets as well as the liabilities owned by the company. This […]

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Petty Cash is a small amount of money reserved by a company for the payment of small expenses. Petty Cash is used for urgent/unexpected expenditures. However, the amount of expenditures that can be paid using Petty Cash is limited to each bookkeeping period. In a way, Petty Cash is an unexpected financing. General expenses that […]

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