Uflex Accounts Officer Interview Questions and Answers

Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• It provides a snapshot of a company's financial position.

• Assets are listed on one side, liabilities and shareholders' equity on the other.

• The balance sheet equation is Assets = Liabilities + Shareholders' Equity.

• It helps investors and analysts assess the financial health of a company.

• E...read more

A profit and loss statement is a financial report that summarizes a company's revenues, expenses, and profits/losses over a specific period of time.

• It shows the company's financial performance and whether it has made a profit or incurred a loss.

• Revenues are the income generated from sales of goods or services, while expenses are the costs incurred to generate those revenues.

• The difference between revenues and expenses ...read more