8 Types of Audit Evidence Flashcards
The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the same balance. Provide the principal support for the auditor's report, including his representation regard...
How to Calculate Turnover
A company's working capital turnover ratio can be negative when a company's current liabilities exceed its current assets. The working capital turnover is calculated by taking a company's net sales and dividing them by its working capital. Since net ...
Current Ratio: definition, formula, norms and limits
Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus ...