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This offers you specifics of how To judge the way in which a company is relocating. The money statements are presented for a particular time period and submitted on a particular date. The cash flow statement provide you with the results for that functioning and non functioning intervals though the balance sheet presents the fiscal status in the summary of a money phrase. Since managers are eager to grasp whether the business is progressing in a positive or unfavorable method, there needs to be a comparison involving the figures of the existing year and previous yrs. To permit you to make this type of comparison, a comparative Assessment of economic statements is required.
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