ADJUSTMENTS FOR FINAL ACCOUNTS
The preceding sections of this chapter have aimed to give a broad picture of the objects of drawing up the so-called final accounts, and have indicated how a rationally organised accounting system can facilitate the preparation of final revenue accounts and Balance Sheets. With the broad picture in mind, consideration may now be given to...
The Use Of The Balance Sheet
In spite of these qualifications the balance sheet remains a valuable source of information to management and outside interests for two reasons in particular. It provides an informative picture of available funds, by comparing current assets with current liabilities, particularly the more liquid aspects of these items. The second main use of the balance sheet...
