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This offers you information about how To judge the way a company is moving. The site here fiscal statements are presented for a certain time frame and submitted on a certain date. The revenue statement provide you with the benefits for that running and non running periods although the stability sheet offers the monetary status on the summary of the fiscal time period. Given that managers are keen to comprehend whether the small business is progressing in a favorable or unfavorable method, there must be a comparison in between the figures of the present 12 months and previous yrs. To permit you to make this kind of comparison, a comparative Examination of financial statements is necessary.
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