Every organisation is supposed to maintain diverse statements related to all business transactions. In fact, there is no differentiation based on the volume of business or money involved. Which means, each money transaction is strictly monitored by the authorities. Profit and Loss Account shows you the net profit or if there is any unfortunate loss in the business. Whereas a Balance Sheet is the record of all types of assets and liabilities. Accounting and Financial reporting includes quarterly, half yearly and annual reports, financial statements and reports for government authorities. Only a top audit firm in Dubai can make and keep them properly.
