Article,

Current State of Accounting and Reporting of Financial Results in Joint-Stock Companies

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CENTRAL ASIAN JOURNAL OF THEORETICAL AND APPLIED SCIENCE, 4 (2): 25-31 (January 2023)

Abstract

When it is called a financial result, it is understood that during a certain reporting period of an enterprise, an association, a Joint Stock Company, etc., there is an increase (or decrease) of self-owned funds in the process of its entrepreneurial activity. In accounting, the result of such activity is determined by calculating and balancing all the benefits and losses of the reporting period. To take into account the benefits and losses, the account of the same name is used. This account is an asset – passive account, and the balance can be on its debit and credit side. The balance on the debit side represents the loss and the balance on the credit side represents the profit.

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