- In order to Lenders: Information given throughout the economic comments is tall towards bankers to assess if there was adequate defense to afford number of your loan or overdraft.
- In order to Authorities: Financial statements is significant towards the authorities to assess brand new income tax liability away from team inquiries and also to figure and you can amend commercial regulations.
- To Personnel: From the monetary comments, the staff is assess the ability of your own team to spend salaries and you can if they have coming growth in the new concern.
- To research success and earning skill.
- To review the long run and you can short-term solvency of your own company.
- To find the overall performance into the procedures and use out of possessions.
- To search for the overall performance out-of administration and you may staff.
- To determine the trend when you look at the conversion process and you will development, etc.
- So you can anticipate for future years and you can prepare finances.
- To make inter-enterprise and you will intra – corporation contrasting.
Question 4. On following harmony piece extracts, compute development payment, and you may discuss this new liquidity position off X ltd. You can capture 1990 since the legs seasons.
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Samacheer Kalvi twelfth Accountancy Balances Text book Back Questions and you will Solutions
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