My new online food delivery company is about to start in a month. I need a list

Question

My new online food delivery company is about to start in a month.

I need a list of financial statements that I should be done on a regular basis, so that it will lead to the optimal and correct functioning of the company.

Your answer should be your own. I have already prepared this, I am just asking so that I do not miss anything and if I get a better idea, I can use them too. So do not attempt if you dont have any idea and intend to copy paste from google or other existing data. I will spot it easily as I have done before and report as spam to chegg if found so.

Explanation / Answer

The following are th list of financial statements to be done on regular basis,

1. Cash Flow statements - This helps in knowing the cash fund position of the organisation.

2. Profit or loss/ Income statement - This helps in knnowing the position of income / loss form the operations.

3. Balance sheet - This helps in knowing the position of Assets and liabilities of the company and helps in analyzing the health of the organisation.

The above are the basic financial statements to be prepared. To facilitate the above other statements are also to be prepared, which are

1. Creditors ledger balances / creditors list

2. Debtors list

3. Bank reconciliation statements

4. Debit notes and credit notes.

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.