Financial Statement: A Tool For Evaluating Performance Of Companies And Investment Decision With Reference To Being And Bows Nigeria Limited.

INTRODUCTION1.1BACKGROUND OF THE STUDYRecent researchers have been shown that one of the main causes of indigenous business failure in this country is failure to maintain proper financial records.  Many business have been operated with merely a single entry memorandum record of transactions and others with no records whatever, except possible cheque stubs.  As a result, business decisions are based on quesses and intruition. Ola (1985).In todays economy information and accountability have assumed a larger role in our society.  This is why it is statutory company and allied matte decree (1990),…