What are the three infortant finacial statement

Question

Accepted Answer

The three important financial statements are the income statement, balance sheet, and cash flow statement.

The income statement shows a company's revenue and expenses over a period of time.
The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.
The cash flow statement shows a company's inflows and outflows of cash over a period of time.
These statements are important for investors, creditors, and management to understand a company's financial health and performance.

Accepted Answer

1. Income and Expenses statement (Trail Balance)
2. Profit & Loss Account Staement
3. Balance Sheet

Accepted Answer

The three important financial statements are the income statement, balance sheet, and cash flow statement.

The income statement shows a company's revenue and expenses over a period of time.
The balance ...read more

Accepted Answer

1 . Income statement

2 . Balance sheet

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