Basic Financial Statements || Income Statement and Balance Sheet ||BBS 1st Year Account New Syllabus

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This episode is all about the chapter (unit) 12 from BBS first students’ Account subject titled “Basic Financial Statements”. In this video, we have provided the concept and format of Income Statement, Statement of Retained Earning and Balance Sheet. Our next video would be about Income Statement and Balance Sheet under NFRS alongside solution of some numerical problems.

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