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The Need for Cash Flow Statements: Demystifying the Profit & Loss Account

(this article is the third and final part of a trilogy that traces the origin of the three elements of financial statements- the balance sheet, the profit and loss account and the cash flow statement) Financial Statements consisting of the three- Balance Sheet, Profit and Loss Account and the Cash Flow Statements, form the [...]

By | 2020-04-28T19:45:41+00:00 July 5th, 2018|First of First|0 Comments

The Birth of Profit & Loss Account & A New Method to Compute Profits

(This article is the second of a trilogy that traces the origin of the three elements of financial statements, the balance sheet, the profit and loss account and the cash flow statement) Financial Statements consisting of the three- Balance Sheet, Profit and Loss Account and the Cash Flow Statements, form the core segment of [...]

By | 2018-12-06T17:22:56+00:00 June 5th, 2018|First of First|0 Comments

The First Bonus Shares Issue: East India Company, 1682 CE − Origin and Rationale for this practice

On December 31, 1600, East India Company was formed by the grant of a charter by the English Parliament. Though not the first joint stock company to be formed, it was perhaps the most influential company in the global corporate history, surviving for over 270 years before being liquidated on June 1, 1874. During this [...]

By | 2020-04-28T16:47:28+00:00 August 6th, 2017|First of First|0 Comments
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