Abstract
A Primary limitation of the typical economic statements comprising the balance sheet and the earnings and loss account is that they do not supply all the information related to the monetary operation of a firm. Nevertheless ,they furnish some extra ordinarily useful information to the extent that the balance sheet mirrors the economic position on a precise date in terms of the structure of the assets, liabilities and owners, equity, and so on and the earnings and loss account shows the outcomes of operation at some stage in a certain length of time in terms of the revenues acquired and the cost incurred at some point of the year . Thus, the financial statements supply a summarized view of the financial function and operations of a firm. Therefore, a good deal can be learnt about a company from a careful examination of its economic statements as valuable documents/performance reports. The analysis of financial statements is, thus, an vital aid to financial analysis.
Citations
IRE Journals:
Bhadrappa Haralayya
"Financial Statement Analysis Using Common Size on Mahindra Sindol Motors" Iconic Research And Engineering Journals Volume 5 Issue 1 2021 Page 150-159
IEEE:
Bhadrappa Haralayya
"Financial Statement Analysis Using Common Size on Mahindra Sindol Motors" Iconic Research And Engineering Journals, 5(1)
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