Finance for Non Finance by Thakkar Vishal

Author:Thakkar, Vishal
Language: eng
Format: epub
Publisher: TV18 Broadcast Ltd
Published: 2015-07-22T00:00:00+00:00

If someone asks you, how are you? You may give an answer. But, won’t it be absurd, if someone asked you, how were you last quarter? Thus, health is always questioned as on date and hence balance sheet is always “as on 31st March, 20XX”.

These statements collectively provide inputs which can help these stakeholders take decisions regarding the company. The owners of the company can plan the future of the company based on the information from the financial statements. The lenders or bankers use the same information to decide whether to give loan to the company, if yes, how much and at what interest rate, based on the information from the financial statements. Government would assess the tax liability of the company only based on the information disclosed by the company in its financial statements.

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