Piscosoft

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.Relevant financial information is presented in a structured manner and in a form which is easy tounderstand. They typically include four basic financial statements accompanied by a managementdiscussion and analysis: 1. A balance sheet or statement of financial position, reports on a company's assets, liabilities,and owners equity at a given point in time. 2. An income statement—or profit and loss report (P&L report), or statement of comprehensive income, or statement of revenue & expense—reports on a company's income, expenses, and profits over a stated period. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period. 3. A statement of changes in equity or statement of equity, or statement of retained earnings, reports on th...

in our country role of  In bookkeeping, a bank reconcilation  is the process by which the bank account balance in an entity’s books of account is reconciled  to the balance reported by the financial institution in the most recent bank statement . Any difference between the two figures needs to be examined and, if appropriate, rectified