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Requirements: Format of balance sheet and income statement of property management company.
Balance sheet refers to the accounting statement that reflects the financial status of the company on a specific date (such as the end of the month, the end of the quarter and the end of the year). The theoretical basis is: "assets = liabilities+owners' equity".
There are two main formats of balance sheet: account-based and report-based. The balance sheet of China enterprises adopts the account-based structure, and the account-based balance sheet is divided into left and right sides. On the left is the asset item. According to the liquidity of assets, the assets with high liquidity rank first and the assets with low liquidity rank last. On the right are liabilities and owners' equity items, which are generally arranged in the order of creditor's rights.
Income statement is an accounting statement that reflects the operating results of an enterprise in a certain accounting period. The income statement is a dynamic report.
There are two main forms of income statement: multi-step income statement and single-step income statement. The income statement of enterprises in China adopts multi-step method.
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