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This gives you information regarding how To judge the way in which a company is moving. The economical statements are provided for a certain time frame and submitted on a certain day. The cash flow statement provide you with the results with the operating and non working intervals whilst the equilibrium sheet presents the monetary standing at the conclusion of the money term. Due to the fact supervisors are keen to grasp whether or not the small business is progressing in a favorable or unfavorable manner, there should be a comparison between the figures of the existing year and previous years. To let you make such a comparison, a comparative Assessment of economic statements is necessary.

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