The balance sheet is one of the basic ____1____. Financial statements are the main source of financial information to persons outside the business organization and also are useful to management. These statements are very ____2____, summarizing in three or four pages the activities of a business for a ____3____period of time, such as a month or a year. They show the financial ____4____ of the business at the end of the time period and also the ____5____ by which the business arrived at this financial position.
举一反三
- The length of time covered by a set of periodic financial statements is referred to as the____ A: Fiscal cycle. B: Natural business year. C: Accounting period. D: Business cycle.
- A balance sheet reflects the business’ financial performance for an accounting period.
- Main objective of analysis of financial statements is ( ) A: To know the financial strength B: To make a comparative study with other firms C: To know the efficiency of management D: To know the business strategy
- What are the three main processes of supply chain management? A: Product flow B: Information flow C: Financial flow D: Business flow
- Business was ______ last year because of the financial crisis.