answersLogoWhite

0


Best Answer

These three reports are the balance sheet, the statement of profit and loss, and the statement of cash flows.

These three major financial statements let you know what's really going on for every aspect of your company.

Venu

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the 3 main financial reports in accounting?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the three accounting period?

The time taken to perform a particular set of financial statements is called accounting period. It differs with various reports and company types. The major 3 accounting periods are as follows:CalenderPiscalNatural business


What are the different fields of accountung?

1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting


What are the branches of accounting?

Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)


What the three broad areas of accounting?

1 - Cost accounting 2 - Financial accounting 3 - Management accounting


Differences and similarities between managerial accounting and Financial Accounting?

* Cost accounting relies on financial accounting information (unbiased, support material) * both are concerned with responsibility or stewardship to the organization: financial accounting has responsibility to the whole company while cost accounting is concerned with responsibility for parts (costs and revenues) * Both require accounting information that must be relevant, timely, and accurate.


What are the major categories of accounting?

Following are major categories of accounting: 1 - Cost accounting 2- Financial accounting 3 - management accounting


What are the subfields of accounting?

1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting


What are the 3 broad areas of accounting?

It is normally divided into three broad areas: auditing, financial/tax and management accounting.


What is Solution to warren Reeves Financial and Managerial Accounting 9E Chapter 3 problem 3-3a?

managerial accounting is used internally instead of externally for investors


What are 3 financial statement in accounting?

1 - Income Statement 2 - balance sheet 3 - Cash Flow Statement


Each what areas of accounting describe the application of substance over form 1 Group accounting 2 Financial non current asset 3 Measurement and disclosure of current assets?

The area of accounting that describes the application of substance over form is Financial non-current asset.


What has the author James E Evans written?

Tad Evans has written: '1820-1880 U.S. census of Telfair County, Georgia' -- subject(s): Registers of births, Genealogy, History '1920 U.S. census of Dodge County, Georgia' -- subject(s): Census, 1920, Registers of births, Genealogy '1910 U.S. Census of Dodge County, Georgia' -- subject(s): Census, 1910, Registers of births, Genealogy