What is mean by triple balance sheet

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Accepted Answer

Triple balance sheet refers to the three financial statements - balance sheet, income statement, and cash flow statement.

Triple balance sheet is a comprehensive financial reporting system that includes three financial statements.
The three financial statements are balance sheet, income statement, and cash flow statement.
The balance sheet shows the company's assets, liabilities, and equity at a specific point in time.
The income statement shows the company's revenue, expenses, and net income over a period of time.
The cash flow statement shows the company's cash inflows and outflows over a period of time.
Triple balance sheet helps in providing a complete picture of a company's financial health.
It is commonly used by investors, analysts, and lenders to evaluate a company's financial performance and make investment decisions.

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