Annual report

What is an annual report?

An annual report refers to the balance sheet and profit and loss statement with explanatory notes that a company is required to prepare at the end of a fiscal year. The annual report must provide a true and fair view of the company's financial position.

By consistently focusing on processes such as the monthly closing of accounts, the annual report and tax filings more easily meet the required standards.

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Also read Successful entrepreneurship can be learned.