What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?
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What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?
That sounds like a homework question. Please see the guidelines on posting homework:
Ask Me Help Desk - Announcements in Forum : Homework Help
The textbook would present the statements in proper order, so that shouldn't be too hard to find. The "why" might be a bit trickier to find but give it a shot.
Perhaps this might help you understand...
Relationship Between Financial Statements
Contribution Margin vs Gross Profit - can someone give me the differences and the shortcomings?
Jerry, please start a new thread for your post. We can't have all the questions tagged onto other threads all the time.
I also suspect that is a homework problem since it's asking about the shortcomings. If so, we are not here just to answer your homework questions for you -- you need to show us your attempts at doing it and then can guide your from there.
I've moved my article to a different site if anyone is interested...
Relationship Between Financial Statements | eFinancialAnalysis
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