Basic Online Bookkeeping & Accounting Guide » Inter-relationships http://bookkeeping.a-z-finance.net Learn Simple Double Entry Bookkeeping & Basic Accounts Fri, 15 Oct 2010 16:33:49 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Inter-relationship Amongst Income statement, Statement Of Owner’s Equity,Balance sheet and Cash flow statement http://bookkeeping.a-z-finance.net/inter-relationship-amongst-income-statement-statement-of-owners-equitybalance-sheet-and-cash-flow-statement/ http://bookkeeping.a-z-finance.net/inter-relationship-amongst-income-statement-statement-of-owners-equitybalance-sheet-and-cash-flow-statement/#comments Fri, 11 Sep 2009 02:45:26 +0000 slang http://bookkeeping.a-z-finance.net/?p=179 In bookkeeping, there are two essential flowcharts which must be properly understood namely the “ACCOUNTING CYCLE” AND THE INTER-RELATIONSHIP AMONGST the financial statements like the Income Statement, Balance Sheet, Statement of Owner’s and Cash flow statements.

As mentioned, the acccounting cycle enable us to have a snapshot of whats should be done from source documents to preparation of financial statements whilst the below demonstrates the double entry effect which has inter-relationship between the various financial statements:

Inter-relationships amongst the financial statement

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