💥 RELATIONSHIP BETWEEN FINANCIAL STATEMENTS [PART : 2] 💥
ALL ABOUT ACCOUNTING : 47th BLOG 💎 ACCOUNTING💎 ★ Accounting exercise and practices : Lesson : 5 [Part : 2] Hi friends 🙏 Today's discuss remaining part of Relationship between Financial Statements. So let's discuss .... * RELATIONSHIP BETWEEN FINANCIAL STATEMENTS : ★ THE BALANCE SHEET : A balance sheet lays out the ending balances in a company's asset, liability, and equity accounts as of the date stated on the report. The balance sheet is commonly used for a great deal of financial analysis of a business' performance. Some of the more common ratios that include balance sheet information are: ACCOUNTS RECEIVABLE COLLECTION PERIOD : The accounts receivable collection period compares the outstanding receivables of a business to its total sales. This comparison is used to evaluate how long customers are taking to pay the seller. A low figure is considered best, since it means that a business is locking up less of its funds in a