Banks being specialized enterprises are not distinct from any business form except for their roles as financial intermediaries. Underlying their unique functions, and behind their secured bricks and ...
Final accounts show the financial health of a business and are useful to owners/investors, banks, the government, staff, and management. Statement of financial position (balance sheet) shows the value ...
There are several key elements on a statement of financial position. These include assets, liabilities, working capital (net current assets), and capital employed. In broad terms, assets are things ...
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