Preparation and analysis of financial statements – balance sheet and income statement

Preparation and analysis of financial statements – balance sheet and income statement:- Preparation and analysis of financial statements, specifically the balance sheet and income statement, is a fundamental aspect of financial accounting. These statements provide insights into the financial health and performance of a business. Here's a detailed overview of how these statements are prepared and analyzed, particularly in the Indian context:

(भारत में वित्तीय विवरणों की तैयारी और विश्लेषण, विशेष रूप से बैलेंस शीट और आय विवरण, वित्तीय लेखांकन का एक महत्वपूर्ण पहलू है। ये विवरण किसी व्यवसाय की वित्तीय स्थिति और प्रदर्शन की जानकारी प्रदान करते हैं। यहां इस प्रक्रिया का एक विस्तृत अवलोकन दिया गया है:)

Preparation of Financial Statements (वित्तीय विवरणों का निर्माण):-

1. Balance Sheet (बैलेंस शीट):- The balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity.

(बैलेंस शीट एक निश्चित समय पर कंपनी की वित्तीय स्थिति की जानकारी देती है, जिसमें उसकी संपत्तियों, देनदारियों और इक्विटी का विवरण होता है।)

Key Components (मुख्य घटक):-

i. Assets (संपत्तियां):-

Current Assets (चालू संपत्तियां):- Cash, bank balances, inventories, trade receivables, and other assets that are expected to be converted into cash within a year.

(नकद, बैंक बैलेंस, स्टॉक, व्यापार प्राप्तियां, और अन्य संपत्तियां जिन्हें एक वर्ष के भीतर नकदी में बदला जा सकता है।)

Non-Current Assets (गैर-चालू संपत्तियां):-

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