Go through the Company’s Financial Statement presentation and the items covered in different statements.Presentation of Financial Statements and policy informationHow Company is presenting the Financial Statements and understand the Note no. given in front of different items mentioned in financial statements.

Link Between Financial StatementsThe following information is available for a company.  Income Statement (In ₹ million)Sales revenue2Operating expenses0.45 Operating profit 1.55 Interest expenses 0.22Taxes 0.28Net profit? Cash Flow Statement (In ₹ million)Cash in the beginning 0.75 Cash generated during the year?Cash at the end 1.52   Balance SheetAssetAmount (in ₹ million)Liability and equityAmount (in ₹ million)Fixed assets6Share capital5Cash? Profit for the year?Inventory2.53Owner’s equity?    Long-term debt4 Total assets?Total liabilities and equity ? What is the total assets and owner’s equity? Total assets: ₹ 10.05 million; owner’s equity: ₹ 6.05 millionTotal assets: ₹ 15.52 million; owner’s equity: ₹ 6.52 millionTotal assets: ₹ 9.05 million; owner’s equity: ₹ 5.05 million

Which financial statement displays the revenues and expenses of a company for a period of time?Group of answer choicesStatement of Financial PerformanceStatement of Financial PositionCash Flow StatementBalance SheetRetained Earnings

Financial statements generally include all of the following except:Multiple ChoiceIncome statement.Federal income tax return.Balance sheet.Statement of cash flows.

20.Which financial statement gives details on the equity, liabilities, and assets of a business at a certain moment in time?  A. Income statement  B. Cash flow statement  C. Balance sheet  D. Statement of retained earnings

Which of the following is a summary of a detailed financial statement?*Expenditure PlanStatement of accountSales & Marketing PlanFinancial Plan