Tuesday, December 15, 2009

My Boss Makes Me Heart Attack

My boss suddenly asked me question today...

Boss says:
give you a question
what are the 3 common financial statements used in accounting?

Soon Hoong™ ت says:
erm, Balance Sheet, Profit and Loss
another one dunno
Cash Flow?
-> Trial Balance, Balance Sheet, Income Statement?

Boss says:
should be balance sheet, income statement and cash flow statement
what are the purpose of each statements? you can answer me later today.
the trial balance, normally we called "TB". it is used for working paper.

Soon Hoong™ ت says:
ok
-A balance sheet provides summary about a company’s assets, liabilities and equity at a specific point in time. A company's assets have to equal, the sum of its liabilities and shareholders' equity.
-Income Statement shows how much a company earn over a specify time period
-Cash flow statements show a company's incoming and out going cash flow

Boss says:
yes.
question for today finish. ask you again tomorrow.

phew...

oh Boss, I've got a very weak heart only,
please don't gip me surprise quiz anymore~

1 comment:

CFC said...

Ha ha ha ha........

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