58 622
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Finance Question for sathis

Question #32533
why is the bank and cash figures in the balance sheet different from the profit for the year shown in the profit and loss account?
Expert's answer
The balance sheet,reflecting the effect of economic activities of the organization, showing the
property and financial position statically, at the balance sheet date. It is a
financial picture of organization at a particular time. In the dynamics the
organization activity characterizes the profit and loss account, for it reveals
the connection between past and present reporting periods, showing the expense
of what has been a change in the balance sheet. In this regard, the profit and
loss account is called temporary calculation, and the balance sheet - a
permanent settlement.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question