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If you are found scratching your head trying to figure out the accounts to be adjusted for prepaid expenses, you are quite in trouble. The financial statements of P&G are presented in Appendix B. Moreover, there is no guarantee that the finished assignments have the accurate answers. Financial statements consist of: - Statements of income. As it may seem all the concepts are specific terms. The subject deals with keeping track of the inward revenue and outward expenditure of a company. For a student to become an accountant or financial analyst in top companies of the world, this is crucial.
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