Questions on the financial lists

Questions on the financial lists


What are the financial statements to be prepared at the end of the financial period, and what is the goal of the preparation?
The income list:
through this list, users can find out the result of the work of the established profit or loss through an interview income and expenses during the financial period.
The list of financial position (Balance Sheet):
Through this list users can know the situation of the company's financial assets of وماتمتلكه (assets) and obligations at a particular moment.
The list of property rights:
through this list, users can find out the changes in the rights of the owners of the company during the financial period.
The list of cash flow:
through this list users can know the cash receipts (involved) and cash (emerging) to and from the company.

What is the operational expenses?
Is the expenses incurred by the company in order to achieve revenue linked to the main activity of the company, such as the salaries of staff wages and expenses for electricity, telephone and other

expenses can be divided into: the master plan of the universality of the
expenses of sale and distribution of
3 What is the difference between net income and earnings?
Net income represents income and gains that have occurred during the financial period 6,765,618 expenses and other losses, the calculation of the income they represent the services that were provided to others or sold goods during the current period in order to achieve income, both had been seized during the current period or did not arrest, for للمقبوضات is the amounts that had been seized, whether revenues or 1,303,328 of debtors or not, revenues are part of the receipts and not the opposite.

4 What is the difference between the interim accounts standing accounts?
Interim Accounts: Are the accounts that are opened during the period and is closed at the end of the period, the conversion of the accounts of the city recorded in creditor party, and the conversion of the accounts with credit balances recorded in the debtor party until the zero balance accounts, which closed at the end of the period is the accounts of the income list (revenues and expenses) as well as the income summary account be closed in one of the accounts of السخصية drawings of property rights (Capital, Gary the owner of the company, retained earnings).
The Permanent accounts: it is not closed at the end of the financial period and appear in the list of the financial position at the end of the period.


5 What are the elements and items of income of the various stages in the service companies?

The cost of the
overall income of 3,960,200 profit
operating expenses
net operating income and
other income and gains and
other losses and expenses
net income before tax and
income tax
net income after tax of
6 What are the elements of a list of items the financial center?
Assets
Fixed Assets
tangible assets others
traded obligations The
obligations of others in circulation of
property rights
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