Hi, need to submit a 250 words essay on the topic Assingment.Its major components include revenues, cost of revenues, gross profit, net profit and net income.The balance sheet however illustrates an e

Hi, need to submit a 250 words essay on the topic Assingment.

Its major components include revenues, cost of revenues, gross profit, net profit and net income.

The balance sheet however illustrates an enterprise’s financial position by identifying its resources, in assets, and the sources of finance for the resources. It relies on the balance sheet