Section C. Financial Statements: Construction & Analysis
About This Section
Congratulations! You have accurately kept the books of AppleSeed Enterprises, Inc., for the year. And a good year is was. What follows in this section are some techniques and details.
Journals and Ledgers. We’ll learn about journals and ledgers, the books that accountants use to make transaction entries. Well, accountants did use paper entry books and did sit atop high chairs. Now entries are made in computer memory. Some say that computers have made it easier to commit fraud. (When ledgers were paper books and entries were made with India ink, things were more difficult to fudge.)
Ratio Analysis. Next we will review the common ways of analyzing financial statements ...
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