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Financial accounting is designed in a way to supply information to external parties like shareholders, creditors, banks, investors etc. The performance of the organization can be observed and thus the organization can take corresponding decisions. Through income statement, the profit can be observed, thus by comparing the values with the previous year, the status of the organization (whether in losses or in profits) can be determined. The liability status of the organisation can also be studied. A STUDY ON FINANCIAL STATEMENT ANALYSIS

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