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60 Wood field Road, Toronto, Ontario M4L 2W6 Tel: 4164618143 www.applegrovecc.caBoard of Management Meeting January 29, 2024, AGENDA 7:00 A. B. C. D. E. 7:10 F.7:25 G. Call to Order/Adoption of Agenda
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What is year-end admin statement of?
The year-end admin statement is a comprehensive report that summarizes an organization's financial activities for the year, including income, expenditures, and other relevant financial information.
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Generally, businesses, non-profit organizations, and entities that are subject to regulatory requirements are required to file a year-end admin statement.
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The purpose of the year-end admin statement is to provide a clear and accurate summary of an entity's financial position, ensuring transparency and compliance with legal and regulatory requirements.
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The year-end admin statement must report total income, total expenses, net profit or loss, assets and liabilities, and other relevant financial metrics.
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