Why is it important that a firm's financial records be kept up-to-date and that management receive the

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Why is it important that a firm's financial records be kept up-to-date and that management receive the financial statements promptly after the end of each accounting period?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

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