Search

banner image

Opt In (Do Not Edit Here)

banner image

Position Statement Definition - What Is Statement Of Financial Position?

What is Position Statement?

Position statement is also called as balance sheet, which reflects the financial position of
the firm at the end of the financial year.

Statement Of Financial Position
[Post Image Courtesy of DDPavumba at FreeDigitalPhotos.net]

Position statement helps to ascertain and understand the total assets, liabilities and
capital of the firm. One can understand the strength and weakness of the concern with
the help of the position statement.
Position Statement Definition - What Is Statement Of Financial Position? Position Statement Definition - What Is Statement Of Financial Position? Reviewed by Ikpokolo Francis on Tuesday, February 14, 2017 Rating: 5

No comments:

Do you have any reasonable comments for this post ? Please feel free to drop them below using the comment box. We will moderate and publish them as soon as possible. Cheers !

Powered by Blogger.