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Four financial statements:
1 - Income statment 2 - Balance sheet 3 - Cash flow statement 4 - Statement of owners equity
income statement shows the income of current period, balance sheet shows overall performance till date, cash flow shows the different streams of cash inflows and outflows and owners equity statement shows the total contribution of owners.
What else can I help you with?
What are the four basic financial statements?
The four major financial statements are:Income statementBalance sheetStatement of owner's equityCash-flow statement
What comes first in the four financial statements?
its the income statement don't know why???
How might changing one of the financial statements affect the other financial statements?
How might changing one of the financial statements affect the other financial statements?
What are limitations of financial management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
What are the limitations of management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
Who are the four non-management user groups those in need of information that is in the financial statements?
good
Why are dates important on financial statements?
Why are the dates on financial statements important
What are the elements of financial statements?
Five elements of financial statements are as follows:AssetsLiabilitiesEquityIncomeExpense
Define the purpose of accounting and identify the four basic financial statements?
The purpose of accounting is provide information to the users like investors ,financial institutions and to other clients. The four basic financial statements are balance sheet,income statement,cash flow,statement of retained earning.
What are the four financial statements explain their basic content and why it is important that the statements are prepared?
balance sheet,income statement,cash flow statement,retained earnings
What are projected financial statements?
Projected financial statements are estimated financial statements before starting of any operating activity for planning purpose.
What are the Qualities of financial statements?
there are many four qualitative factors that can be used in evaluating financiial statements. information in the financial statements must have the qualities of relevance, reliability, understandability and comparability. other factors may include materiability and faithful representation hope this answers your question
