Data found in the balance sheet, the income statement, and the cash flow statement are used to calculate important financial ratios that provide insight into the company’s financial performance.

You will notice the balance sheets are prepared at specific dates. For example, you might have a balance sheet prepared on 31 December for a particular year, say, 2010. Another popular one is the ...

A decrease is a debit, notated as "DR." Bookkeepers enter each debit and credit in two places on a company's balance sheet using the double-entry method. Luca Pacioli, a Franciscan monk ...